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Is there a free site to obtain information on foreclosed home properties

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December 18 2008 - Morgantown
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Google for the websites of the major Lenders, like Countrywide...etc.  Most of them have a link to their foreclosure list and they do not charge for it.  If you are looking to purchase a foreclosed property, keep in mind there are good deals and some not so good deals.  It is generally a long process and the Lender that owns the property will probably require that you get a pre-approval letter from them in order to submit an offer.  Just keep in mind you are not bound to use them.  If you are looking for good deals, check the newspaper for "short sale ads".  This is where the Lender holding the mortgage has agreed with the owner who is near default to take less than what is owed on the mortgage.  Hope that helps :)
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December 18 2008
 
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