Foreclosure listings?
Question:
Answer:
It depends on when in the process you want to look for a deal. I have outlined the key phases to foreclosure (see link below).
Paying a service normally means getting the information after those who check the local public records. Most services are 1-4 weeks late compared to the public records. Getting there first is not always required but understand that other investors will have already approached the borrower/owner.
Property that is listed that is in foreclosure will have a bit of equity (hence the agent's interest in listing). The public records will still lead you to the same property. Using an agent is not bad so do both. The REO property will have completed the auction process with no sale. The lender is now the owner so the foreclosure is over.
Don't use one of te listing services that you have to pay for. Try these sites and look for an agent who deals with investors, that can represent you as a buyer's agent.
HUD Homes in SO. CA: http://hud2.towerauction.net/ca.htm...
VA: www.ocwen.com
many others: www.reotrans.com
Their is a Website that you can use, and it is updated daily, I have found it to be the most reliable and up to date list. You would also get 7 days of unlimited Free use but posting it here would be a violation of the Yahoo! TOS.
Don't pay for the lists! Go to your local county deeds and record department at the county office, they have a list of all most recent foreclosures..Keep in mind, you will have to do some research because most foreclosures have the legal property descriptions and not the address, but they should help you at the local county office to find the addresses.Many have them online as well.Best of luck!
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