Where do I get/find housing foreclosure lists?

Question

I am interested in purchasing foreclosure real estate, but I don't know where to find the lists of foreclosures. Please help me!

Answer 1

There isn't one, the closest thing to it is the MLS. Contact a broker (I personally avoid agents).

Since foreclosure is public information it is published in the local newspaper. It is usually part of the classified, but this is local information only and is only when foreclosure is filed, not actually happening.

There are a couple ways these are sold, through the MLS, or through public auction. The auctions literally take place on the court house steps. Bring an agent with you, otherwise you don't stand a chance, it is ugly.

Answer 2

you call banks or key word search mortgage lenders. you call the mortgage department and ask to be provided the REO listings. you can go to the small lending institutions like household finance etc. they will provide you with the list of houses they have on the books to sell. there are a few sites that will give you the list for subscription rates. i use a few. the trick is when you see the information call the lender of record and verify that the house still is in the possession of the foreclosed party. mistakes happen. i am a mortgage broker commercially, and i do handle residential. i never have a listing of foreclosed home in my possession to hand out, or sell. there is also always one realtor on your town who specializes in foreclosed property, the banks have a preferred relationship. you can call around to the various real estate offices and ask for the foreclosure departments or what realtor has the largest inventory. the foreclosure market is picking up dramatically, but if you are thinking you will get houses for $30,000 think again. when the rates hit the all time low everyone refinanced and took out the equity so the prices are not steals at this moment. that does not mean you are not getting a great buy, just look at the market, and after you buy and figure out the rental rate or the retail rate, who will buy it? can you qualify your borrower in the zone you purchased? Good Luck

Answer 3

A foreclosures is lender owned. it particularly is the corporate or man or woman that loaned somebody the money to purchase it in the 1st place. a house it particularly is a "regular" itemizing is merely a house on the marketplace by the present proprietors. whilst attempting to purchase a foreclosures, you or your authentic sources agent could first confirm that their are not the different liens on the valuables which would be paid previous on your getting a clean call. without broking different than a financial company, you're able to additionally confirm of the certainly situation of the valuables, it particularly is often completed by hiring a house inspection. Foreclosed residences are a much better good deal, yet you're able to do your homework first.the final factor is in no way furnish the asking value, no rely how low you think of it particularly is. The lenders do no longer choose to possess the valuables and are frequently prepared to negating

Answer 4

Foreclosures are a fun investment venue but also quite risky. Make sure you know what you're doing before you step into the fray. Know how to do your due diligence and what not.

For foreclosures, I access this web site:

www.investingwithoutlosing.com

I also bought the book below.

Answer 5

Most sites are paid subscription sites that let you kow when a home is about to be foreclosed because the home owners are delinquent in their mortgage payments, or from other extenuating factors. There are three major types of listing sites: government/auction, 3rd party foreclosure (e.g., www.realtytrac.com), and sites run by real estate companies or banks that have REO departments.

Answer 6

There are multiple online sites that sell a subscription service to the default notices filed in your area.

Be very careful buying foreclosures...the laws are designed to protect the homeowner...not the buyer.

Here is some additional info. Hope this helps.

Answer 7

Your local Real Estate office subscribes to the REGISTRY but that is for Agents and Brokers. Get a relationship with an Agent and they will keep you informed

Answer 8

They can usually be obtained from companies or counties.

Check the internet.

Answer 9

I don't know but I sure would like to!!!!

Answer 10

hud.gov