Thursday, August 19, 2010

How do you find forclosed homes for sale?

There are several goverment and lender's web sites where you can pick those properties up. Most Realtors have access to bank foreclosures as well.


Some Bank Foreclosures are NOT good ';deals'; Depends on how much is owed on the property and how much the Bank is willing to loose, some of those properties, even being in bank foreclosure are still above current Market Value. And unfortunatly some bankforeclosures are in a pretty bad shape. Also most Bank Foreclosures are listed with a Realtor and will show up in the MLS and/or the open market.


My suggestion would be find a Realtor or do it on you own Make a list about what kind of home you are looking for, like age, pool, location, price, SF, ....... Then go and see what is available in your price range, look at the homes. Regardless if they are in foreclosure or not.


Sometimes you will see that the foreclosure home is really not the best ';deal'; available and you find a home (not in foreclosure) is the better value for the same or less purchase price.How do you find forclosed homes for sale?
I found mine online though a local realtor's web site.How do you find forclosed homes for sale?
go to your local court house...and ask to see a listing of forclosures
For an online resource, check out foreclosure.com. Personally, I like to go to the courthouse to find foreclosures, as these are the most recent. (BTW, foreclosures are a matter of public record.) Plus, these listings will be located within your area.





Hope this helps...





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I use a title company (Old Republic - but any will do) and I get a list emailed to me daily - for free. Try calling on the phone to a Chicago Title and ask for a Title sales rep. Tell them that you're looking to get a list of foreclosures, notices of default, and trustee's sales. They'll usually ask you to send an email to one of their assistants and you'll start getting them emailed to you the very next day.
This question has been asked 10,000 times here and answered 20,000 times, try reading some of the answers and stop asking the same dam question
You can do all or any of the following:





1) Go to your local recorder's office and research the public records





2) Use and buy property info from companies that specialize in locating these foreclosures for you





3) Use bird-dogs





4) Look at your local classifeds ad to find when the foreclosure sale is going to occur





5) Dream about it?
You can also talk to your local Real Estate agent that handles REO listings, they are usually working with the bank and get the foreclosure listings

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