Do you have to pay to get information about residential foreclosures?(Go to any website and it seems you do)?


Question:
I just moved to the Vancouver, WA area and don't have enough $$$ for a down payment for a house. I went to a couple of Home for Sale by Owner websites, and they had foreclosure info - to a point. They want you to become a "member" before providing any real information, and I don't want to pay for info that may get me no where fast. I thought foreclosure information was free? (I've checked the newspapers on line and they forward you to these other websites where you have to pay) Any ideas?

Answer:
Go to your local courthouse and look them up. Or find out what local legal publication publishes foreclosure listings for your county and see if they have a website for that legal publication. That is how to find out what properties are going to auction and when, and in many cases, who was notified (banks, other interested parties) so you can have an idea about the chain of title.

However, if you want to know when they bought it (the legal pub will indicate when the mortgage was initiated, but it could have been a refinance, so you wouldn't know how long they had occupied the home), from whom, and for what price, you'll need to get the records from the local courthouse/real property office, many of whom make that information available online.

Skip the pay websites - from my experience they have limited data that can't keep pace with the speed at which some of these proceedings move. Also, if you are in an area where foreclosure properties go to public auction (process varies by state), find the auctioneers who do these auctions for the bank trustees and go to THEIR website. The auction companies will usually post a list daily on their websites and can be called to get updates - they want to drum up auction participants.

Good luck!
you can not seem to find what is in foreclose. Humm seems like there is a closed market? would that not make a false shortage and thus drive up prices!
Sound like that is how you would make a BUBBLE ho yea it has been done by shorting the market, see how

http://www.breakingbubble.com/index.htm...
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