I'm trying to find out what type of court house that I can go to to find foreclosures. I'm not interested in buying yet but just want to know the exact info and don't want to do the footwork. Thanks!
2007-03-28 09:16:27 · 4 answers · asked by noname 1 in Business & Finance ➔ Renting & Real Estate
What county are you living in. Find the county court house in that county. They have a listing of all foreclosures in your county. You might call the court to see if there is a charge for this service or there might another avenue they use to distribute the names of those that are foreclosure.
You might also look in your local major paper they list foreclosures also.
Before going into the foreclosure business you might want to read a few books on the subject so go to your nearest book store, find as many books as you can on foreclosures, buying and flipping and get educated on what is needed.
You might also want to find out if New York is a non-judicial or judicial foreclosure state. This will give you an idea on time frames for foreclosures as well any other legal things you need to know.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-03-28 09:25:35 · answer #1 · answered by Skip 6 · 0⤊ 0⤋
Foreclosures in NYC are posted in the Daily News (primarily Brooklyn and Queens). There are companies that provide lists for a monthly fee. Foreclosure auctions usually require a 10% to enter and the balance is due within 15-30 days ofthe auction (you should have access to cash or line of credit). You should get a title search done on the property to see what liens are against the property. Usually they do not allow inspections so just expect the worst. What many people don't realize is that foreclosures require cash and a certain degree of risk. You should also look into the property's C.O. history to determine if their have been building violations and that their C.O. is up to date. I work with investors and this is how it really works, if anyone tells you that you can get bank financing for foreclosures and don't need any money is not in the field.
2007-03-28 11:25:50 · answer #2 · answered by tianaramal 4 · 0⤊ 0⤋
I too am an investor in NYC. Here are the five boroughs courthouses:
New York Co. (Manhattan): 60 Centre Street,
Kings Co (Brooklyn): 360 Adams Street
Queens: 88-11 Sutphin Blvd,
Richmond Co. (Staten Island):18 Richmond Terrace
Bronx Co: 851 Grand Concourse
The county clerk will also be located here. The one problem with NYC is that the clerk does not have a list of current foreclosures or lis pendens. You will need to find out about individual cases through the legal notices (for foreclosures) or by using a third party source. I use Property Shark cause they have all of them plus most of the information you will need to research the property.
Good luck, and trust me this is a great market to work. I've had many successful purchases and there are so many properties in some phase of foreclosure that its fairly easy to find what you are looking for.
2007-03-28 09:54:10 · answer #3 · answered by Foreclosure Goddess 2 · 0⤊ 0⤋
Give Frank a call at 866-728-8587 or 919-373-4120. He can help you with this since he has 30 years experience
2007-03-29 08:00:00 · answer #4 · answered by mary s 1 · 0⤊ 0⤋