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Do I have to go through the foreclosure.com site to buy a home listed with them?

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February 12 2012 - Supply
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This is just another example of unscrupulous companies that try to cash in on someone's dream . There is no reason to spend money for information on a foreclosure . Really! Contact a local realtor in your market and ask for some information .....it's free.
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July 14 2013
I agree with the replies. Those websites post what is listed in the MLS. Find a Realtor who is knowledgeable in helping buyers purchase foreclosures and have them check it out. Many times the home has been sold already. Most websites like that don't purge out the sold and expired properties, just to gather more leads.
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February 22 2012
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Not an answer. Foreclosure.com is an outside site that sells information-some of it is good, some not good. A local agent can give you a list of REO's for free that is up to date.
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February 14 2012
Contact the listing agent directly
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February 14 2012
It would depend on whos selling it. If it's an FHA foreclosure they have a different site I do believe. I will tell you this that because there are so many, you will find the most for sale through a Realtor. The banks aren't in the business of buying and selling homes. Right now they are stuck in the mess they created. That being said, if you really want a foreclousure any Realtor out there would gladly sign you up through MLS to send you listings daily of everything in your region coming on the market. I do it for anyone who asks with the hopes that if they find one they want to see, I can show it to them and start working on a relationship with them. It's a good start. Not all agents demand or require your loyalty to do this for you. Find someone you feel comfortable with and they can be of real service to you. That's what I would do if I needed the most current data. Thanks
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February 12 2012
A client of mine just sent me a request, yesterday, to look into a property that they had seen on Foreclosure.com. They had paid to get the information.  The property had sold in May of 2011 and had been listed on the MLS at that time.
What a colossal waste of money! 
If a seller wants to get the most amount of exposure in order to sell a piece of property, they will list it on the local MLS, period.  Like it or not, it is what distinguishes our system of buying and selling in the US from every other country in the world (save Canada). All properties that are therefore interested in actually selling will be on the MLS, whether they are foreclosures of not.
Foreclosure.com is simply playing to buyers' ignorance of this fact in order to make a buck.  The MLS is free.
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February 12 2012
From that one site?  You most likely will need to registor with them.  You have several options actually, and like others stated you can work with a local agent to show you all the properties that are available.  People hear "short Sale", REO (Real Estate Owned foreclosures) and assume they are screaming good deals.  Not all of them are, plus a buyer is giving up a lot of their rights and warranities when buying a REO.

Still, there can be great finds in REO, especially for cash buyers.  Please Google Trustees Sale or Sherriff Sale, these are some of the best deals out there.  You go down and purchase on the court house steps.  Sometimes sight unseen, and it is only all cash transactions.  But in my expereince, hands down, the best deal(s) out there.  Best of luck.
Spirit
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February 12 2012
No you can contact a local Realtor who can help you work through the paperwork. Ask your friends, family and coworkers for a referral . Or you can search for someone here on Zillow, pull down the Professionals tab. Make sure they have some experience under their belt though. Foreclosures can be tricky sometimes. Any one of us can refer you to a good Realtor too.
Best of luck to you.
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February 12 2012
Most of those types of websites, like Zillow, list foreclosures that are not actually for sale or in preforeclosure.  These websites scrape data from county tax appraisers.  Your best bet is to work with a local realtor who has access to real MLS data on homes actually for sale.
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February 12 2012
You can go thru such a site, but I would suggest letting someone else do the dirty work for you. Your best bet is to contact a reputable Realtor in your community that has experience in foreclosures. There are very specific guidelines for how foreclosure offers are submitted and it will work to your advantage to have someone who is well versed in these steps. Keep in mind that you do not pay ANY money out of pocket when working with a Buyer's agent--the Seller of the property actually pays the Realtor fees for both sides of the transaction. It's a win/win for you as the Buyer.

I do have experience in both short sales and foreclosures. Feel free to message me with any questions or concerns you may have.

Have a great day!
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February 12 2012
No, you can find a local real estate agent to represent you, they have access.
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February 12 2012
 
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