Foreclosures and Upfront Fees - Get Educated

Profile picture for BUY NAPLES
Unfortunately, along with the increase in foreclosures over the last several years, there has also been a corresponding increase in foreclosure scams. Many businesses have taken profits by taking advantage of unsuspecting home buyers looking to capitalize on the housing crisis, and purchase a first home or vacation home. The sad reality is that many people have fallen victim to these scams because they simply did not understand some basic facts.
There facts are that home buyers should first engage a Realtor to find foreclosures. The first and most prevalent scam tactic, and a definite red flag for home buyers, is that a fee is required up-front. The fact is that many companies advertise on the web and other media 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. Those listings then appear in the MLS and become for sale properties.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20 - Naples

Replies (2)

Profile picture for Tug of War
Public Records..Including Foreclosure/Tax Lien/Tax Sale Info
All Free & all the Info direct from your State/County/local gov.

Example:Collier County Fl.....
Tax Deed Sales...Judicial Foreclosure Sales...Delinquent Taxes & Tax Certificate Sales

Foreclosures and Tax Lien Sales

REO-Bank Owned Properties..All FREE
Many 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

The Fed Gov has Sites for its Properties for sale..All FREE
HUD Homes...Fannie Mae
You can find the links to all the Gov sites here...Link
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 20
Profile picture for Wes Black
Thank you for the helpful information.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 23
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Discussions
Profile picture for Steven Pacchiano
DiscussionThe Truth About The Foreclosure Market
  • Last reply by Steven Pacchiano
  • April 20
Profile picture for Wes Black
DiscussionForeclosures and Upfront Fees - Get Educated
  • Last reply by Wes Black
  • January 23
Profile picture for Skeeter Wesinger
DiscussionNaples Luxury Homes In The News
  • Last reply by Skeeter Wesinger
  • November 08 2011
Profile picture for BUY NAPLES
DiscussionNaples Foreclosures
  • Posted by BUY NAPLES
  • July 11 2011
Profile picture for Georgina OBryan
DiscussionCaution with Short Sales
  • Last reply by Georgina OBryan
  • March 02 2011
Compare Mortgage Rates
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy