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How can I locate foreclosed homes that are for sale?

  • September 04 2009 - Lagrange
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Answers (9)

If you are interested in purchase a property that is in foreclosure that is pretty straight forward.  You would just contact a local agent that can search the MLS to locate properties that are listed and are in foreclosures. 

Depending on what part of the country your are in this could be simple or very difficult for the agent.  Each MLS (multiple listing service) have different requirements on how these properties are listed.  They may not even have to label the property as being in foreclosure.

If you are looking to purchase at the foreclosure auction that is a whole different ball game.  Each state has its own unique laws and process when it comes to foreclosures. 

For example I live in Washington and you are required to bring all of the cash at the foreclosure auction and hand it over to the trustee right there on the spot.  The property is your as is and if you don't do your research it could be very costly for you.

We have several groups that specialize in foreclosures and only help client buy properties down at the foreclosure auction. 

If you are looking to buy a property at the auction or even prior to the auction I would call around to different real estate offices and find out who regularly goes to the auction and buys foreclosures for clients.

You can also go down to one of the auction and I am sure there will be people there to help you out.
  • December 16 2009
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Get a Realtor who can show you any that are available. You don't pay for the agent the seller does, so make them work for you.
  • December 15 2009
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www.century21.com

check it out
  • December 15 2009
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You can search for foreclosures and even short sales on H2realty.com. No fees required. You will be able to see all the homes in metro Atlanta that are either pre-foreclosure or have already been foreclosed and are for sale.
  • December 13 2009
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REMAX.com now provides access to 1.3 million foreclosures nationwide.
  • December 08 2009
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You can also try http://www.homesbylender.com.  I post foreclosure listings on here to obtain buyer leads and to tell you the truth there are a high number of buyers out there who enjoy fishing the foreclosure market.

Hope this helps.  Happy hunting.
  • September 07 2009
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Contact a local real estate agent in the area you are interested in.  They will pull all active foreclosures from the MLS.  They will also double check availability with the listing agents.  Many foreclosures may show active on the MLS or on various internet sites but will have multiple offers in with the bank or awaiting signatures from parties. 
  • September 06 2009
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Profile picture for Ria Chekuri
Check out this site http://www.silverhutonline.com
you can buy from bank, and avoid unwanted bidding when it gets listed in the mls. find the right agent who can help you with this tool.
If you have cash you can buy it at trustee sale  and then re-fi to take out your money. 
Good Luck!
Ria C.
  • September 04 2009
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Contact a Realtor in your area. Most often foreclosed homes are listed by Realtors as opposed to be sold directly by the banks.
  • September 04 2009
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