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Bank listings of foreclosures How do I obtain them?

  • March 12 2010 - Santa Monica
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Answers (10)

Banks nearly always work with a local area agent, and list their homes though a brokerage. First it goes to a trustee sale at the county courthouse steps, at which they usually start the bidding at what is owed on the property, and at this day and age it it usually more than the market value, so they rarely sell and then become REOs and get listed through an agent. You can search your county public records for Notice of Defaults to find out what may become available, though not guaranteed.
Lake Tahoe Realtor
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  • April 25 2011
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JSKT

It depends on what exactly you are looking for.  If you are looking for properties for sale that are owned by the bank or properties in the process of foreclosure(owner is behind in payments)?

If you are looking for bank owned properties for sale in Santa Monica your real estate agent can give you that.

If you arelooking for pre-foreclosure that realtytrac.com is a good source of information.  They do charge a monthly fee.
  • April 21 2011
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Profile picture for iForgit
My local city has a great property appraisers office website.  I go in there weekly and type in mortgage under the owners name search.  Anything owned by the Fed Mortgage comes up, also lots of banks titles the home in this as well ei HSBC Mortgage Services.  You'll miss a few because some banks are just in their name ie Regions Bank.  I go back and do a quick search for "bank" and scan the names, this isn't as good as mortgage because there are more people with the last name Banks than there are mortgage, so you tend to get a lot less foreclosures. 

I've tried the other websites, but I find this to be easier and all info about the house is right there.  However I'm probably missing a small fraction of the entire group out there. 

Hope this helps. 
  • March 17 2011
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Profile picture for Dunes....
The Government and the Banks have created websites for the public to use for FREE and to provide current updated information about the Properties/Foreclosures/REO's available plus information about the Process they use, available programs ect..

For the Government a person can use the Site they provide which has links to all the Sites they have.... Homes for Sale
Sites like...Hud...Fannie Mae ect....

The Banks have also created sites like...Bank of America...Wells Fargo

Here are links to a few sites that provide the links to the Bank Sites
Link...Link...Link

I would also suggest checking out this site for finding Tax Sales, public Records....Free Public Records Directory
  • March 17 2011
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You can contact nearly any realtor in your area and they should be able to help you, feel free to contact me anytime.  Here is also a website link to them all, good luck.
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  • March 17 2011
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Here's a directory of articles about foreclosures. It's part of an excellent real estate reference and primer at http://homebuying.about.com that I recommend you bookmark.

If you are talking about preforeclosure properties search google for free sources
  • March 17 2010
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There are many free sites offering foreclosure listings, check out this site that offer many real estate links.
Click HERE! Good Luck
  • March 16 2010
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Profile picture for hencats
check the local sheriff's office for sheriff sales--dont go with REO,Real Estate owned,they obtained title threw sheriff sale so they will tack on another 15-20% to the price they got on a foreclosure-big racket
  • March 16 2010
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Best bet is find an REO Buyers Agent in the area. They likely work directly with a network of List agents that are working with banks and have actively listed properties as well as "pre-list" properties not on MLS.
  • March 15 2010
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how can i i obtein those listings...??
  • March 12 2010
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