I am looking for foreclosed homes in my area because they are much cheaper than other homes. However, whenever I try and find listings in my area, all I get are vague ideas, and in order to get the details, I have to pay a membership to the website I found it on. Is there anywhere I can go (either on line or in person) to get foreclosed home listings that I don’t have to pay for?
The information is public record, so if you go down to your County Recorder’s office you should be able to obtain a list of homes that recently had a Trustee’s Deed filed on them (this is the foreclosure document)
Most title companies also offer what is called a Notice of Default List, a Notice of Trustee Sale List, and a Trustee’s Deed List. If you call a title company like First American, Fidelity, or Lawyers Title and ask for customer service, you should be able to ask for their list.
A Realtor will have lists of REO (foreclosed) homes available to them through the MLS system that have been placed on the market by the banks. If you call one they can arrange to take you out to the homes and open them up for you.