Free access to bank foreclosure homes?
Question:
Answer:
a) By calling the banks
b) By going to the county recorder's office and looking at public records
If that's not good enough for you, you can pay for more convenient access to the same data.
Mike Nehmzow says use REOTRANS.com its fast and easy !
The bank are not selling these homes since they know it will flood the market and drop prices even more so the list are hard to get or they are just holding.
Lot of bad news and yet so many have there head in the sand.
As you know there is a lot of hidden information , to tell the truth this is fraud by omission since they are with holding information that is affecting the market by messing with the prices.
This type of fraud is what caused this mess, check out this web site it tell how they made the now crashing houseing bubble.
http://www.breakingbubble.com/
What is needed is a open and publicly assailable" search able web site" That is mandatory and ran by the country assessor office.
Then and only then will you have an open honest and transparent property market.
Homes in foreclosure or homes that the lender has taken back after a foreclosure auction.
Banks that are federally regulated need to clear their books of such homes. They can not sit on them. They will see even if that means a discount from what the home should be worth. I have purchased a number of REO (Real Estate Owned by the bank). Most properties that the bank owns are listed with an agent so it can get broad exposure.
Prior to the bank being the owner the borrower in foreclosure is the seller. The foreclosure process is very public so you can find all the notices of default (NOD) at the county courthouse (recorder's office)
I have a post on my blog that explains the foreclosure process and what an investor should be doing at each phase. If you need more details then post a comment there. There are books at libraries or large bookstores plus there is Amazon. I have read a number of them so could make suggestions. Just ask by posting a comment on the blog.
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