Who has the BEST website (paid or free) to locate foreclosures and bank owned properties?


Question:
I am considering a career change and have 350,000 to invest in the home foreclosure market with the intention of fixing the homes and keeping as rentals or flipping them.

Answer:
There are two types of foreclosures, government foreclosures and bank foreclosures. Govt foreclosures are due to failure to pay property taxes and bank foreclosures are due to failure to pay the mortgage.

There is one main site for both govt and bank foreclosures, you can find free listings here:

http://www.investingwithoutlosing.com...

Before you invest though, please make sure you know how to do your due diligence and proper research. Look for the chain of title, liens, assessments, bankruptcy issues, etc. Because you trap yourself into

paying more than what you expected. For suggested reading, go on amazon or another bookstore and take a look at Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days by Don Sausa [isbn

0978834682]. It has some good checklists and examples on how to research.
I don't know if it is the BEST site, but it definitely has a lot of features...See foreclosures.com.

Hope this helps...

Check out TaxSaleWealth
http://www.taxsalewealth.com
More Related Questions & Answers...
  • Short sale foreclosure information?
  • What is a 3rd party that buys houses out of foreclosure and resells?
  • Foreclosure trouble, please help?
  • How much is a bank willing to write off in order to sell real estate instead of letting it go to foreclosure?
  • Foreclosure ?? whats the process?
  • Lawyer question foreclosure&bankrupcy need help fast?
  • Foreclosure..?
  • Can anyone help us save our home from being sold in foreclosure?
  • Foreclosures: How to purchase in California -Step by Step?
  • How will bad credit (a foreclosure) affect my ability to get loans for graduate or law school?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic