Fine foreclosure listings without signing up with a company.?
December 122010
How can I get a list of foreclosure listings and bank owned homes in my area without signing up with some company. I don’t want to give my info out and I want to keep searching for free.
thsi question gets asked 10 times a day do a search. you can go to your local county coutrhouse and pay the records clerk to print them out. thats the same thing the companies do and charge you $100 for them even though it cost them like $2. Also when you buy them from cmopanies they are out of date. you can find foreclosures on realtor.com, craigslist.org, loanhomeonline.com/findamortgage you dont have to go to any special sites
December 13th, 2010 at 4:27 am
Call the county clerk and recorders office, and ask where they publish the foreclosure listings for you area.
They also then end up listed by real estate agencies. You should be able to go to any real estate agency and ask for a list of homes in the area that is HUD owned, or bank owned.
No need to sign up for a service, as this information is free.
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December 13th, 2010 at 4:45 am
There are least two ways someone is trying to fool you or sucker you on this.
The one you will most likely understand is getting the foreclosure "list". Any house that has been foreclosed is now owned by someone other than the original owner. Around here over 95% of them are now owned by the bank that had the mortgage. They then list them with a Realtor and they are all in the MLS- so any real estate agent can get you this "list". Some will want a bunch of your information and some won’t care. Almost every single agent has a website that searches the entire MLS- so that means there are hundreds of websites in every town that will get you this information. Look at several and find one that you like.
The part that you may not understand is that this economy is affecting the entire list of homes for sale. A property being a foreclosure does not make it cheaper. A bank is required to sell the property they own at the highest price it will bring. Foreclosures general sell for extremely low prices because they are located in really bad areas or in horrible shape. Before you actually buy any house you should compare all the properties that are in your price range and meet your needs. Don’t make the mistake of buying a house because it is a foreclosure and thinking that got you a good deal. Once you account for location and condition you may feel very strongly about a home that is stilled owned and cared for by an individual- but the price is very low to compete with the foreclosures!
Third- I would suggest that most people are not able to really buy a house at the "court house steps" and be happy with it. The titles are often not clear and you do not have the opportunity to do a good job inspecting the house and the bank that has the loan will often bid higher than any reasonable person would.
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December 13th, 2010 at 5:19 am
It requires research, but the county assessors office generally will give you access to a computer to search them on. There is no FREE website that has as up to date information as the Realtors have.
You are aware that you can’t buy a foreclosure without a Realtor don’t you? Lenders won’t deal directly with the public. It has to be an arm’s length transaction.
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December 13th, 2010 at 6:09 am
Your best resource is a local real estate agent. They can set you up with automated daily updates directly from the MLS so you know whenever a new house hits the market. It can not be legally sold prior to being on the market, so you are not going to be missing anything.
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December 13th, 2010 at 6:54 am
thsi question gets asked 10 times a day do a search. you can go to your local county coutrhouse and pay the records clerk to print them out. thats the same thing the companies do and charge you $100 for them even though it cost them like $2. Also when you buy them from cmopanies they are out of date. you can find foreclosures on realtor.com, craigslist.org, loanhomeonline.com/findamortgage you dont have to go to any special sites
References :