Where can I find a free listing of local home foreclosures that are up for public auction or purchase?

Question

I dont want to sign up for any "free trial" anything....

Answer 1

There are a lot of web sites that offer foreclosure information. But, as you've seen, many require you to "sign up" before you can search properties.

There is a site that will allow you to search foreclosures and bank owned properties without signing up. However, to actually 'bid' on the properties you will need to contact a licensed agent or broker who has an account with this company. Or, if you already have your own agent, you can ask your agent to contact the company and get signed up to bid.

Here's the site:
http://www.firstpreston.com

You can also go directly to the HUD site, as shown above. But when you follow the link to bid on a property, HUD sends you to the same web site to bid as First Preston sends you to. HUD doesn't accept bids directly. They contract other companies to accept bids for them. Either way, you will find a list of properties that can be purchase through a licensed real estate agent.

Keep in mind that the market has changed over the last few years. It used to be that most foreclosures and bank owned properties could be purchased much lower than the going market. Investors made money rehabbing and flipping properties purchased from banks.

But in recent years, the banks have realized that they can list a property, wait a little longer, and get a little more money for their REO properties by selling them to homeowners instead of investors.

This doesn't mean that you can't find a bargain. There are still some great deals in REO properties, you just have to work a little harder to find them. Be careful and do your homework, and you may just find the perfect bargain.

Good luck!

Answer 2

Go to the library and look at the business/legal newspaper for your state or jurisdiction. Foreclosure sales are listed all the time and are frequently updated.

Many of the links given by the other poster are not to be trusted. If you visit http://www.hud.gov - you can link to sites (like First Preston) that list foreclosed homes but even that information is not frequently updated.

Answer 3

The first answer was dead on, www.hud.gov is the United States Housing and Urban Development website. No other site is to be trusted, they just scam you out of a fee.

Answer 4

look in the information papers for public notices it lists all of the properties before they are forclosed on. AZ Republic, East Valley Tribune. it may value you a greenback yet very solid public counsel.

Answer 5

Check out:

http://www.foreclosures.com/
http://www.foreclosurenet.net/
http://www.foreclosurefreesearch.com/
http://ushud.com/r/pages/index/pages.html
http://www.hud.gov/homes/homesforsale.cfm
http://www.realtytrac.com/
http://www.absoluteforeclosures.com/

Best wishes.