Zillow Advice: Buying a Foreclosure - How can I find homes that are forclosed by the Banks http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Zillow Advice | Zillow Real Estate Depends if the home is already ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Depends if the home is already auctioned at the court house or not.<br/><br/>If the <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> date is set but not auctioned you should contact the your local clerk of court who will have a list of pre-foreclosures.<br/><br/>If the home is already foreclosure by the <a href="http://www.zillow.com/directory/lenders/">lender</a>, you may want to stay in touch with your <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> it may soon be listed on your local MLS.<br/><br/> Tue, 10 Jan 2012 16:47:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2012-01-10T16:47:00Z A local agent can do a custom ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ A local agent can do a custom search or you can search the local registry of deeds and find the foreclosing attorney's office if it has not yet been listed. Sun, 08 Jan 2012 21:12:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2012-01-08T21:12:00Z You have several options ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ You have several options to track foreclosures.&nbsp; In CA and NV (can't speak for other states) you can check the County Recorder's office for NOD (notices of default) which signal that a person is not paying their <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> and MAY be foreclosed on in the future (that can be many months or years down the road).&nbsp; You can also find the notice of <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> sales in the same place. The sales, when they do occur are usually held 'on the courthouse steps' (literally)- again speaking for NV and CA.&nbsp; You can go bid on a property there yourself (you usually will need cash to purchase however)<br/><br/>A great source to use from&nbsp;home is a site like foreclosure.com on which you can search for distressed properties in all stages (1st nod, foreclosed, listed, etc)<br/><br/>You can also check auction sites.&nbsp; Most homes on those sites were listed as REO's already&nbsp;but didn't sell&nbsp;so are now being auctioned.<br/><br/>Yes, most banks use agents to list and sell their properties. I haven't seen one yet that will sell directly to the public without an agent. The main reasons are that they want to be sure to get wide market exposure for their assets and want to be sure to follow all the local laws regarding <a href="http://www.zillow.com">real estate</a> sales.<br/><br/>However, most banks do have links to their existing or upcoming properties on their sites.<br/><br/>Another option &nbsp;is to contact a local REO listing broker/agent.&nbsp; REO brokers/agents often have many bank listing that are not on the market.<br/><br/>All agents who are members of the local MLS will, however, have a list of listed REO properties they can provide you.<br/> Wed, 28 Dec 2011 07:39:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-28T07:39:00Z Many foreclosures can be ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Many <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosures</a> can be found using the foreclosing bank's website, or a local real estate company that represents the bank.&nbsp; Using a <a href="http://www.zillow.com/directory/real-estate-agents/">realtor</a> can take a lot of the work out of searching for homes, but there is also the 3.5% of the purchase price that goes to the realtor you hire.&nbsp; If you're looking to take advantage of this great market for buyers, I suggest keeping an eye out for a good deal.&nbsp; When the right one pops up, plan on keeping a good portion of your savings as a cushion for the unexpected.&nbsp; I speak from experience, as I'm not an agent, just a Mom who bought a foreclosed home once.&nbsp; <a href="http://www.zillow.com/homes/for_sale/fore_lt/">Foreclosed homes</a> a lot of times fall into disrepair, but that doesn't make them unsellable!&nbsp; Best wishes to you, and all your house hunting! Sat, 24 Dec 2011 03:13:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-24T03:13:00Z Work with a qualified realtor ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Work with a qualified <a href="http://www.zillow.com/directory/real-estate-agents/">realtor</a> and they will set you up on a list to receive <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> properties. &nbsp;I would be happy to assist you if you would like.Just shoot me an email and I'll get it set up today<br/><br/><div>Susan Lehmkuhl&nbsp;<div>Associate Broker<div>The KUHL Team<div>[contact information removed by Zillow moderator]</div></div></div></div> Fri, 23 Dec 2011 20:14:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-23T20:14:00Z &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <img imagetype="8" uploadtype="new" imageid="X1-IA1xvsdbn2f2ykx_d6s3j" src="http://photos2.zillow.com/is/image/i0/i10/i6786/IS1xvsdbn2doe5f.jpg?op_sharpen=1&amp;qlt=90&amp;size=250,300" width=" 109px" height=" 105px"/><br/><br/>May you have the Most Excellent of Happy Holidays Jim...I wish you all a Happy Holidays<br/><br/> Fri, 23 Dec 2011 15:36:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-23T15:36:00Z Tug of War&nbsp;&nbsp; ^5you ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Tug of War&nbsp;&nbsp; ^5<br/><br/>you are so correct there! <br/><br/>Happy Holidays, Jim Fri, 23 Dec 2011 14:00:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-23T14:00:00Z Contact a Realtor and be ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Contact a <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> and be careful of websites that offer to "sale" you list of foreclosed properties or require sometype of payment up front.&nbsp; Fri, 23 Dec 2011 04:16:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-23T04:16:00Z All the other answers are ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ All the other answers are definitely true.&nbsp; If you're looking to get a jump start on properties before they hit the 'market', I would also suggest&nbsp;contacting your local banks directly (especially rural or regional banks).&nbsp; Many of the local banks will place you on a contact/email list.&nbsp; <br/><br/>I would also advise actually walking into the banks (with a&nbsp;loan preapproval letter) and speaking to someone in person about their <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosures</a> or pending foreclosures.&nbsp; They take you much more seriously and you can potentially land a great deal before anyone else has an opportunity to know the property is for sale.&nbsp; If you're a cash buyer, the bank will be eager to please!&nbsp; If you're wanting to <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> a home, you may be able to negotiate&nbsp;good <a href="http://www.zillow.com/mortgage-rates/">loan</a> terms directly through that specific bank.&nbsp;&nbsp;<br/><br/>Best of luck! Fri, 23 Dec 2011 00:33:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-23T00:33:00Z Alot of these properties ... http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ Alot of these properties are already listed by realtors.&nbsp; When a lis pendens iis filed against a property because a <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> is in default (pre-foreclosure) this is public record that you can find on your local clerk of court website. Thu, 22 Dec 2011 18:09:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-homes-that-are-forclosed-by-the-Banks/426005/ 2011-12-22T18:09:00Z