Foreclosure Scams - Buyers Beware

Profile picture for BUY NAPLES
There are many foreclosure scams these days as audacious scammers prey on unsuspecting home buyers. The first and most prevalent tactic, and a definite red flag, is a fee is required up-front.  The fact is that many companies advertise on the web offering foreclosure lists for a fee. The truth is that Realtors see foreclosures first in the MLS. Asset managers and some banks list REO properties (bank-owned, also known as post-foreclosure) directly with Realtors. Secondly, be aware that a "short sale" is not a foreclosure. We advise our buyer clients to avoid short sales (pre-foreclosure), and the lengthy buying process is only one reason. Buyers negotiation leverage is reduced in these transactions and we would rather see you look at bank owned properties (post-foreclosure).
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1Yes

January 17 - US
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Profile picture for Wes Black
Thanks for the heads up.
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0Yes

January 21
Profile picture for NicholasRibeiro
Make sure your dealing with a Realtor and not a 3rd party company selling bogus lists!
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0Yes

January 29
Profile picture for Tug of War


Some states and counties have online information about foreclosures, tax lien sales and tax deed sales. This information may be searchable by address or owner name, or lists of upcoming sales may be posted. Other states and counties do not have such information online. In these cases, contact must be made with the appropriate agency usually in writing or in person.

Check this out..Public Records Directory

All FREE

REO-Bank Owned Properties
Banks have created Sites for the Public to use (For Free) to view and find Information about the Properties they have Listed for Sale
Sites Like..Bank of America...Wells Fargo...Chase

You can find links to Bank sites here...Link and/or Link


The Fed Gov has Sites for its Properties for sale
HUD Homes...Fannie Mae...USDA..FDIC
You can find the links to the Gov sites here...Link
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0Yes

January 29
 
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