Legal Question in Real Estate Law in New York
Locating Foreclosed Houses For Sale
Where can you get lists of foreclosed homes/bank-owned properties available for sale through lawyers or banks?
Is there a central site where lawyers/lenders post information about homes they have to sell?
Thank you.
Asked on 5/25/03, 12:15 am
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
Re: Locating Foreclosed Houses For Sale
If you find one, let me know.
Check auction notices in newspapers. Foreclosed houses are sold at the courthouse steps to the highest bidder. Usually the bank will bid the amount of their mortgage, so if that is low, you can get a bargain. Usually, you need certified check to bid.
Answered on 5/27/03, 9:28 pm
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