I would like to start buying properties but how can I get them real cheap before other people get to them.

Bankruptcy courts and foreclosure department at banks and mortgage companies could be a good place to find deals.

Have the cash ready and shop around. Negotiate. Be ready to get the property if you are sure you want it. Make counter offers below the ask price. Those are properties that 'need' to be sold and it makes no sense to pay the ask price for the property.

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It is not smart to play it safe but it is safe to play it smart.

Find local realtors in your area that specialize in foreclosures or bank owned properties.

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Metro Detroit Real Estate

i don't know if this is true but ive done some research and have heard in some states the party whose property was foreclosed on have up to a year to pay the mortgage and it becomes there's no questions asked...is this true?

Once the bank or lender forecloses on a property it belongs to them. The person who owned it before no longer has rights to the property. The bank becomes the owner on title.

There are many resources available on the web with the help of which you can find properties for sell.

Best thing is to do a search in Google.

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Personal Finance Advice

What you are asking about is called a right of redemption. In some states, the buyer of a foreclosed property can lose his purchase if the foreclosed owner can make good on his previously bad mortgage.

It's not fair to the investor/second homeowner who buys the foreclosed home. The foreclosed owner has had months to bring his loan current. If it could not be done in a reasonable time, it is time to move on with everyone's life and opportunities.

i think you should just consult to the real estate agent, they give you the better suggestion as per your requirement .