How to reset an iPhone when you don't know the password and its timed out?

So I bought an iPhone (an older model) from someone on Craigslist, mostly because it was cheaper than buying an iPod touch. Anyways he said it was dead at the time so I didn't really get a chance to look at it but he was selling it to me for 30 dollars so I didn't really care and was willing to take a chance. Well now that I have charged it, it has a password (which I don't know) AND it says it's timed out for the next 6, 317, 764 minutes so I can't even try to unlock it. I've tried restoring it, and I can't get a hold of the person I bought it from, so can someone please tell me how to completely reset it myself? I'm really pissed off and I don't wanna wait that long to be able to restore it.

Reset the iPhone by holding the sleep/wake button at the top right of the device and the home button at the bottom center of the face at the same time.
Hold them both until you see the screen go black. In some cases, you may need to keep holding them even after the red power off slider appears. If it does, just keep holding it.
Wait until the white Apple logo appears.
When this happens, you can let go - the iPhone is rebooting.

Home
Mac OS X
iPhone
iPad
Tips & Tricks
Jailbreak
Mountain Lion
iOS

Forgot an iPhone Passcode? How to reset the iPhone passcode
Jan 16, 2011 - 171 Comments

reset iphone passcode If you forgot your iPhone passcode you can bypass the lock screen completely and reset the passcode by using iPhone recovery mode.

Warning: This will require you to restore your iPhone or iPod touch, this means you'll lose all data on the device and be back to factory settings.
Bypass & Reset the iPhone Passcode

Disconnect the USB cable from the iPhone, leave the other end connected to your Mac/PC
Launch iTunes
Press and hold the Home and Power button on the top of the iPhone to turn off the device
Press and continue to hold the Home button while you reconnect the USB cable to your iPhone, this will cause the iPhone to turn on
Continue to hold the Home button until an alert message in iTunes appears that an iPhone in recovery mode has been detected

iphone recover mode detected

Now that the iPhone is in recovery mode, you must restore the device:

From iTunes, look under the "Summary" tab
Click on the "Restore" button within iTunes

This will wipe all files, settings, and apps from the iPhone, including the passcode. When the restore is finished, the iPhone will be at the factory settings. At this point you can choose to start from scratch or to restore the iPhone from a backup

  • What does connection timed out mean? So I visited this site, answers.yahoo.com, on my iphone (I'm on my computer now) and it took a really long time to load. When it did, it just was blank and said "connection timed out" and there wasn't any links that I could click explaining that. Has anyone else experienced this problem? What does it mean?
  • ITunes for Iphone 5s account creation session timed out? I've tried to create an account twice now and both time session timed out after I filled out all the info I signed up for an account on my computer it worked fine then
  • Is there any way I can use my deceased father's iphone X even though I don't know his password or his e-mail password? My dad passed away recently. He had a fairly new iPhone X. I'd like to use it as my own phone but I don't know the passcode. I watched a video on how to restore the phone but I still can't use it because the phone is connected to an itunes account… And since i don't know his e-mail password, i can't reset it. I went to AT&T (where we were on a family plan) but they said they can't help me. Is his nearly new phone destined to be a paper weight?
  • Is tbere any major différence between thé iPhone 6 and the 6s? Whooppeee is Xmas again and my daughter wants new 2nd hand) iPhone… 2 years ago almost bought her 5 before i réaliséd that it was 5s she wanted ( cos thé 5 sucks?) And I don't want to screw up this year…