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November 27, 2007
Dilapidated buildings?
Hi all,
I live in Brooklyn (bed-stuy)and I notice quite a few vacant boarded up brownstones around bed stuy and ocean hill. I'm interested in buying one and fixing it up but the majority of them don't have any tel numbers listed. How do you find out who owns these buildings? Is there a place to go for listings of dilapidated buildings in Brooklyn? Thanks!
7:)
Comments
brooklyn boro office hs records of all property owners. i the taxes are being paid, as they are on tons of run down buildings, the owners are simply waiting to sell or renovate.
Posted by: guest at November 27, 2007 2:21 PM
What makes you think they are for sale? Im sure if they were there would be a sign up.
The majority of buildings in bed stuy that are boarded up are owned by investors through LLC's and they only sell for top $. Most have long term plans for their property.
Posted by: guest at November 27, 2007 2:22 PM
Alot of abandoned buildings you see in the City are owned by the City via in rem tax foreclosure.
You can find the onwer of a piece of property on the Department of Finance web site.
Posted by: guest at November 27, 2007 2:29 PM
Oh okay thanks for the info. I don't know if they are for sale or not that's why I was asking. Didn't know if they were private owned or city. So if interested look for one with a sign, got it.
7:)
Posted by: ms7of9 at November 27, 2007 2:30 PM
You can always contact the owner even if no sign. What would that cost you?
Posted by: Putnamdenizen at November 27, 2007 2:37 PM
So if there is no sign get the address and look it up in Dept of Finance website to get info on who owns it correct?
for example my cousin lives on somers in ocean hill and i visited her for thanksgiving and noticed like 8 houses on just her block alone that were boarded up. i think only 2 of them had signs on them for sale and they had tenants. they look like 3 story brownstones from the outside but who knows what's inside? lol.
thanks again
7:)
Posted by: ms7of9 at November 27, 2007 2:47 PM
Property Shark (online) would be the first and easiest place to check regarding ownership.
Posted by: tinarina at November 27, 2007 2:48 PM
OASIS [http://www.oasisnyc.net/oasismap.htm] provides the same information as PropertyShark without requiring registration and with no restrictions on the use of the information.
Posted by: Xris at November 28, 2007 4:07 PM
Thanks for the info tina and xris. My search is on! lol.
7:)
Posted by: ms7of9 at November 28, 2007 4:33 PM
realtytrac.com, for a small fee, lists foreclosed houses and lis penden ones. They give you the names of owners, banks, or lawyers to contact, whoever is legally associated with the property, it also supplies comparables and even the info on brokers who can help you contact and negotiate with all the legal parties of a foreclosed property. To buy foreclosures, you have to take a huge risk, meaning putting down a large down payment or cash. Thats why the system is set up so that ordinary people with regular mortgage financing don't get approved for these great deals on properties wasting away. Its quite criminal. HUD has a program to buy foreclosures but they have few houses located in the metro area. Best thing to do is invest in a broker who specializes in foreclosures. You have to pay a high commission or a flat fee for this difficult investigative service. But, it can save you hundreds of thousands in the long run if you are successful. GOOD LUCK.
Posted by: guest at November 29, 2007 4:00 AM
thanks for the info guest. i'm just an ordinary person so i guess there's no chance huh? i was interested in hud's 203k rehab program but like you said i still have to find the house so investing in a broker sounds right.
Posted by: ms7of9 at November 29, 2007 6:36 PM
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