How Much Time Before Auction Can I Purchase A "pre-foreclosure"

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In New York how soon before the day of the "auction" can i purchase directly from the owner?

Comments(5)

  • fjfesta12th December, 2004

    Tony,

    If you get all the lawyers to agree you can do it at the auction!

    Good Luck!
    Frank

  • AnthonyNYC12th December, 2004

    Thanks for the reply,

    So technically ownership of the property doesn't leave the owers hands until the auction ends?

  • linlin12th December, 2004

    Ownership is gone once the auction begins. In some places it is gone 1 hour before.

  • AnthonyNYC12th December, 2004

    Thank You for that info!

    So what is the FASTEST way to take ownership before its too late?

  • amynewbie13th December, 2004

    hi

    find the homeowners in PRE foreclosure. talk to them to see what they want and if there is a deal. so the best way is in preforeclosure, the day before the auction the sale must be postponed/extended but you better have a buyer ready.

    amynewbie

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