Anyone dealing with foreclosure?
Question:
Answer:
I deal in foreclosures, but not by buying lists. The information is free and public. Start with the "Notices of Sale" in your County Seat's publication. That is the raw information and not easy to digest (takes me a month). Other than that, you are stuck with paying for a list that is in a usable format.
Best of luck
yes, you end up having to pay.
You can always go downtown ask access the information for free that way. Or see if your city has a forelcosure newspaper, google it. mine does for 75 cents a week I get the foreclosures list in my mail box.
Or get in touch with a realtor, they have access.
The foreclosure sites only cull public records and then provide them in an easy, readable format. If you don't mind doing the extra legwork, you can get the information for free.
Here is an answer I wrote before, and it is still pretty much the same:
Wednesday April 4, 2007 - 08:24am (PDT) Edit | Delete | Permanent Link | 0 Comments
Where Can I find Foreclosures Online
This is the most common question I see in the Renting and Real Estate section of answersroom.coms. 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.
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