Finding Forclosed houses for free?

Question

How do you find houses up for auction or forclosure in NYS?

Answer 1

Where Can I find Foreclosures Online
This is the most common question I see in the Renting and Real Estate section of Yahoo! Answers. Here is my answer, although there may be better answers out there.

Bank websites: Bank of America and IndyMac Bank are two of the largest mortgage companies in the US. They both list their REO property on their websites. Some other banks, such as Washington Mutual (The largest mortgage lender in the US) do not post their REO on their site. If you know of other bank REO links, please let me know.

Government websites. The majority of foreclosed homes are returned to the federal government. The agencies insuring homes include HuD, Fannie Mae, Freddie Mac, VA and USDA. There are links to all of these and more on the HUD website at hud.gov click on buy a hud home and it will take you to a state specific link.

Traditional sites. Sites such as realtor.com list foreclosures. You can search them yourself by simply limiting the price in the area in which you are looking. Put in a price that is about 20% less than the going rate in your area. Foreclosures will generally say "corporate owned." You may also find some non-foreclosure homes that are a bargain this way.

Public Records: Check your local legal notices at http://www.publicnoticeads.com This is a free search but not all areas are listed. You can check online to see if the county recorder in the area in which you would like to purchase has online access. If they do search for Lis Pendens and you can follow the home through the entire foreclosure process. Search on Deed and put in the name of your local sheriff as grantor and you will get only the houses that have gone to auction.

Answer 2

foreclosure are dealt with through the county sheriff and usually they ought to positioned up them publicly someplace. regularly an section newspaper yet frequently also on the internet. it really is that if you're speaking about houses that are dealing with the approach that the commercial employer would not already personal. in case you bypass to the foreclosure auction you'd be bidding hostile to the commercial employer and others and also you extra efficient have the money. you also extra efficient comprehend what you're doing from a criminal attitude. foreclosure sales do not get rid of all different pastimes on the resources. in case you want economic employer owned resources ask a Realtor. they're going to if truth be told all be listed by the MLS and a Realtor can help you discover one which works for you. be conscious that FHA financing on those might want to be confusing because there are frequently problems with them and there is not any man or woman who can fix them. The vendors are lengthy gone and in my experience the banks do not care how a lot money they lose on the resources, they nonetheless gained't fix something.

Answer 3

Check with any Realtor they have a list or the larger banks will also provide a list. Good Luck!