how hard are foreclosures properties to find and purchase?

Answer 1

Not hard at all depending on what you are looking for.

Most of them are in terrible condition and in neighborhoods where you don't want to walk alone at night.

There are some diamonds in the ruff but there are lots of people looking for them.

Answer 2

I'm in Southern California (Orange County) and without any effort, I am able to find them. I mostly deal with pre-foreclosures because I get a personal satisfaction of helping people out. But I also do buy bank REOs at a huge discount and turn around and sell them.

Once you become aware of foreclosures, you have no problems spotting them. It's like when you want to buy a new car, you see that model on the streets.

Regards

Answer 3

Not hard, just call your local banks. Or call your local Realtors.Go look at what is offered, if you like what you see make an offer and you will have to wait and see if your bid was the highest bid selected. Then be prepared to pay for the property. Sometimes these properties have been treated very badly.You usually have to take them "as is" which can be very bad.

Answer 4

realtytrac.com is the national website. But why would you want to buy now? Wait until after the fallout of 17 fed hikes and $500billion in loans reset at higher rates in '06 or $1TRILLION in loans reset at higher rates, on lower property values in '07. Good luck all.

Answer 5

not hard u can go to your local bank or mortgage co. and usually put in a bid on them highest bid gets the property thats how i got my house i warn u though some times some of these houses are not in the best of shape . good luck