Is there a website 4 foreclosures on homes?
Question:
Answer:
It will take some work, but here is the best way I have found to find foreclosures for free on the net:
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. VA and Ocwen foreclosures are listed at http://www.ocwen.com/reo/home.cfm... Fannie Mae properties are at http://www.mortgagecontent.net/reosearch...
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.
There may be more resources out there and I will add them to my blog as I find them. If you know of any good, free resources please click on my profile and e-mail them to me so that I can add them. Thank you.
Yes go to foreclosure.com and you can see all the foreclosure's in any state
Hello,
Try on Yahoo Real Estate and sometime on the Ebay
www.bidselect.com for HUD homes. go to any realtor and they can get u a list.
On Yahoo's real estate section you can use foreclosures as one of your search criteria for foreclosed houses that are on the market.
There are no sites that provide the info for free. Every site I have looked at requires a membership fee of some type.
Actually, I am the sales manager for a real estate investment company and we can provide that info for people for free. The only costs for our investors is if and when the purchase there is a fee a the time of closing of $995.
Most of our clients agree that is they are finding properties that are 20-30% under market value in appreciating markets where it is easy to then re sell it is worth it.
Any other questions feel free to email me!
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