Profile picture for holmg418

how do you find foreclosure listings

  • November 27 2010 - Harbordale
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Answers (9)

A good Realtor can find foreclosure listings via MLS and might also have innformation from other agents who know of short sale listings that haven't sold and may go into foreclosure.  So ask you Realtor.  Best of luck!
  • December 24 2010
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Need foreclosure listings?  Your best source is a Realtor.  They have access to the most up-to-date foreclosure listings and can further help you by getting all available information about real estate values in the area.  Keep in mind most foreclosure are listed under valued and lenders are expecting a higher offer.  Cash is preferred, but if you are financing, be pre-approved by a lender and ready to submit an offer quickly.  There is usually a quick turn around and deadlines to be met.
  • December 01 2010
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Go to zillow, search for homes at a very low price range, you will get the info about property being sold in foreclosure ( short sales ) or already foreclosed.( Bank owned). Very easy thanks to zillow!
  • December 01 2010
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Profile picture for Dunes....
I'm assuming most people know they can contact a RE Agent but some may wonder if there is a way to Browse Foreclosure listings, acquire information about the Buying Process, who has the property listed ect. for FREE and without having to contact an Agent until informed enough to choose one wisely...

Those people may be interested to know the Government and the Banks have created websites for the public to use for FREE and to have current updated information about the Properties/Foreclosures/REO's available and information about the Process they use, available programs ect..

For the Government a person can use the Site they provide which provides links to all the Sites they have.... Homes for Sale
Sites like...Hud...Fannie Mae ect....

The Banks have also created sites like...Bank of America...Wells Fargo

Here are links to a few sites that provide the links to the Bank Sites
Link...Link...Link

I would also suggest checking out this site for finding Tax Sales, public Records....Free Public Records Directory
  • November 28 2010
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Contact your local Real Estate agent to get up to the date and accurate listings....many sites are not real time but your agent has access to real time data and can pre screen properties for you so you are not wasting your time looking at homes that have a pending approval status or already submitted offers.  Best of luck
  • November 28 2010
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Simply ask a good realtor, really any realtor should be able to provide you a good local list.
  • November 27 2010
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Depending on the area you are looking, the local MLS should list if the property is a foreclosure.  In Maryland, the MLS actually has a drop down for "foreclosure" or "short sale" that is a required field. It sounds like most other systems categorize them as "REOs".   Your agent should be able to help you.  It is much easier now to get this information now that there are so many foreclosures on the market. 

  • November 27 2010
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Profile picture for Spina Realty
In the old days when foreclosures were not all the plentiful, it was very hard to find them. However with the significant amount facing lenders at this juncture, they engage the services of a local real estate agent. The local MLS system, while in the past did not, now has a special catagory for bank owned listings, called REO's. Get your self access to the MLS via an agent or the use of ones web site with IDX services (access to the MLS) and plug in REO's and you should be good to go. Happy Hunting!

Chris
  • November 27 2010
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When you go to your MLxchange web site, click on search look for the listing and check for the one it says REO. Good luck.
  • November 27 2010
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