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who would i need to talk to regarding the foreclosed homes listed on zillow.com?

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January 30 2010
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Are you planning to invest on a house this year? The prices of real estate properties have not gone down yet but the market is more stable these days in comparison to the economic slump. This might be the perfect time to make a purchase because lenders are more willing to finance home purchases. The first thing that you will need to do is find a free list of foreclosed homes for sale.
There is no sense in paying for a list of possible homes that you can purchase. As experts usually say, you have to exhaust all free options before you start paying. You can find plenty of free lists online if you simply do your homework. Why should you go for foreclosed homes? The reason is quite simple – these homes are cheaper than newly constructed ones.
With this knowledge, you can now find the perfect deal. Don't assume that foreclosed properties are cheap because you might end up spending more if you don't know what you're doing. It pays to know a great deal about the real estate industry and the process of foreclosure. Avoid purchasing homes that are still undergoing the process of foreclosure because you will only suffer headaches due to possible liens and at times, the family is still living in the house. If you want an attractive and clean property, it would be best to go for REOs or real estate owned properties. These properties are now owned by the mortgage companies or banks.
Even though these financial lenders are most willing to dispose of the foreclosed properties, they will usually go for the highest price possible. You must do your research to find out the prevailing prices of homes in your area. It would be best to consult a real estate agent. A reputed professional can tell you if the foreclosed property is overpriced.
The only drawback of using a free list of foreclosed homes for sale is that there are times when the list is not up to date. It typical to find lists where most of the properties are already acquired. This is why you need to hire an agent because he or she will be the one to send you the latest listings.
Depending on your budget and your ability to secure loans, you can now decide! Will you opt for a free list or will you hire an agent?
Article from: http://www.openmarketrealty.com/blog/getting-a-free-list-of-foreclosed-homes-for-sale/
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August 26 2010
 
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