Profile picture for pottle

Foreclosure homes for sale?

How can I find foreclosed homes?  Everything I see on the internet costs and who knows if you waste your money or not.

  • March 07 2008 - US
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Answers (17)

Profile picture for 2 Big 2 Fail

RealtyTrac

  • March 07 2008
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Profile picture for DannyInSoCal

Find a good agent...

 

Thanx, D

  • March 08 2008
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Profile picture for krh
  • krh
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I have used www.realtytrac.com , however - that site apparenty can be very outdated.  Some are accurate but from what I can tell many are not.   Try it for the trial period (make sure you cancel before the 7 days though ...I dont think its worth any $ since it is so dated)...found out on some properties...write/print all of them - then ask your realtor to check into into. 

  • March 08 2008
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If you are looking in Southeastern Michigan check out www.MIforeclosureDeals.com  This site is definately local but it is free and you will also be updated as new foreclosures in the area become available.  There is also a free report that has very useful information on purchasing foreclosures.

  • March 08 2008
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Profile picture for Lynn911

Contact a good agent that knows about foreclosures.  We specialize in Dallas home foreclosures we post over 4,000 properties to our website.  However keep in mind that not all foreclosures, or even Dallas home foreclosures are below market value, when you submit a bid for a foreclosure you may not secure an executed bid, it can take months before the bank will reply.  There are allot of tips and tricks when you want to work with securing foreclosures

  • March 08 2008
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Profile picture for planetwalker2

No foreclosure site I have seen open to the public is any good. They are outdated, inaccurate, and filled with overpriced junk. Many are sneaking for sale homes in where the owner is desparate to sell. I always wonder what's up that it didn't sell when other homes are. I've found iffy title chain on some of those. Public records is the way to go to find pre-foreclosures. Once an agent (sorry agents) get on board you will be paying the commission, either directly, or through the lender. A good one can help hold your hand though. The banks are still not letting go of the good ones too cheaply around here.

  • March 08 2008
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Profile picture for The Leonardo Group

Realty trac is one of the ways you can find foreclosures in your area. They have a vast inventory and graphics where it shows how "far" in default the owner is ( if there was a note of default and when...). It is a paid subscription and  i belive there is a free trial time (  i think 1 week ) so i would start there. Hope this helps.

Leonardo

  • March 08 2008
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my site has Az foreclosures for free. www.kingmanlandbrokers.com

  • March 09 2008
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i would like to cancel my free subscription of zillow.com and i am having a hard time trying to find something on the website that shows me where to cancel, pls help, stylistsarah453@yahoo.com, thanks

  • September 05 2008
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how do i cancel my free subscription of zillow.com, stylistsarah453@yahoo.com, thanks pls help

  • September 05 2008
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See my profile to learn how to search for foreclosure listings all around the country and you wont have to pay anyone a dime.

  • September 23 2008
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Profile picture for Staresce

You can check  online newspapers .. the Orlando Sentinel for instance publishes them.

 

Lisa

  • September 23 2008
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"Find a good agent" is going to be the best advice for prospective homeowners and investors. Foreclosed homes are sold at advertised auctions and are listed by Realtors in their local multiple listing service. No single website lists the entire inventory of current and available foreclosed properties. Even the Lender websites refer inquiries to their listing agents. Don't assume a foreclosed/bank-owned property is going to offer you the best value or bang for your dollar. They're discounted for good reasons. A good agent can help you find a good deal that suits your needs instead of a "bargain" that doesn't.

  • September 23 2008
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Profile picture for Ice L.
  • Ice L.Zillow
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look4home19 -

 

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  • September 23 2008
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I agree, find a good agent who has has sold foreclosed homes recently.  Foreclosures are different on every transaction, so having an agent who is on top of their game and knows what to look for and what to do will benefit you the most.

 

Thanks,

Nick Good

Realtor Keller Williams

www.NickGood.com

  • September 23 2008
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All Good Real Estate Agents know how to find foreclosures.  Don't get succered into others, go to a real estate agent in your area.  If you don't like them, keep trying.  The more agressive ones would be willing to help you.  Lots of Info out there, your right, hard to find.  Where to start.  Real Estate Agent is where.  A good one.

  • September 23 2008
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For pre-foreclosures, look in the public notices for "Notice of Trustee Sales". It gives you the address and how much is owed in the notice.   You can show up and bid on the homes, ususally at the local courthouse. Many mortgage holders are electing not to go to a public auction or bidding process as I'm told they do better by foreclosing and then putting it up for sale. Thes type of foreclosures can be found on the local MLS in the Fresno and other areas. Because there are so many, the banks usually hire specialized RE Agents to market (list) the property. The descriptions will usually say "REO" or "bank owned property". Any Realtor has access to the peoperty once it is on MLS. It is probably a good idea to get your own Realtor to represent just you, and make sure you get one experienced w/ foreclosure sales or "short sale" properties. A short sale property is one that is put on the market prior to foreclosure and where the market value is less than is what is owed. The listing Realtor and owner has  to negotiate w/ the lender/trustee to find an agreeable price after offers have been submitted. Just agreeing on a sale price can take from 40 to 90 days and then you still have to go through the escrow process. So, bank owned properties are usually easier and quicker to secure.   

  • September 25 2008
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