But if you don't, and they take it to a foreclosure sale (i.e, sheriff's auction), you will get even less.

We got them @ auction for about $2.28 sqft.

I recently won an auction for a house.

I have a few rental properties that I manage myself and have recently started buying foreclosures at auction to rent and hold.

Michael Chewning Once it's listed to be auctioned, it gets harder to contact the owner and you have about 1 month until its auction date.

So, in NY a foreclosure auction must be noticed in local papers, right?

I have picked up several duplexes & SF homes at tax lien auctions up here in NY.

Right now I have a 2500 sqft row home that I picked up at auction for $15,500, that was rented when I purchased it for $1,100 (that was just luck to be honest), I have the one I previously described that I am into for $16k rented for 925/month Section 8, I have another I bought at auction for $13,500 that I am currently working on and when all is said and done, I will be in for about 19k that will rent for about 875/month.

A foreclosure would have to be sold at some point before it went to auction to not be a foreclosure (sounds strange).

This seems destined for the auction block.