How do you make money off of foreclosed property
 

How do you make money off of foreclosed property. Also is there a list of the homes in my area and where do I get it?

bump

my old upstairs neighbor used to read the papers for notices of properties that were going into forclosure, contact the owner who was about to default, purchase the deed at a rock bottom price (the owners are usually desperate for cash at that point), and then flip the property for a huge profit. i'm sure there is a lot more to know then that - that is a summary.

also, you can go to the bank's auction of the foreclosed property (you'll be bidding against other investors). i know that it's a really lucrative business, but requires a lot of time and legwork.

buy it cheap and flip it

WTF are you talking about ?

Foreclosed properties are listed at the tax office I believe. All properties subject to be foreclosed on are listed prior to doing so and are listed when closed upon.

Another good way is to get in with a real estate agent that deals with banks selling foreclosures. Many times banks just sell a property for $189K cause there is only $160K owed on it even though it should be selling for $229K. If you know a real estate agent, he/she will let you know about these and you buy them before too many know. Resell and make $20-30K or more in some cases.