How do I locate homes that are in the foreclosure process so that I may attempt to purchase them?
Jul 24, 2009 in
Financial and Loan Tips
Kandy
My husband and I live in Indiana and we are interested in purchasing a home. Foreclosure lists that I see on the internet charge. I am not sure if this is the way to go or if there is a free way to get this information.
My husband and I live in Indiana and we are interested in purchasing a home. Foreclosure lists that I see on the internet charge. I am not sure if this is the way to go or if there is a free way to get this information.
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4 comments
Soul Flower on July 25, 2009 at 4:50 pm
Are you home investors? Thinking of purchasing in Atlanta, Ga? If so I know of at least one possible property…sorry to answer a question with a question.
Jj L on July 28, 2009 at 1:53 am
The best way is to look at the realto listings, they will say foreclosure or bank owend, call the realtor selling the home he/she will be happy to help you if you do not have a realtor, no money out of your pocket
Just got one
godged on July 29, 2009 at 2:45 am
The foreclosure sites are notoriously inaccurate, don’t waste your money.
There are plenty of great deals out there, don’t limit yourself to foreclosures. If you insist on going the foreclosure route, you should call a Realtor and ask them for listings that are REOs (Real Estate Owned), which means they are bank owned properties.
9 daughters on July 30, 2009 at 10:16 am
You can find foreclosures right here in Yahoo. Go to the Real Estate section and click on foreclosures.
That will give you an idea of what’s out there but keep in mind that all foreclosure web sites and lists come from public notices and are often outdated. Most foreclosures are listed with regular real estate agents so that’s a more reliable source of what’s actually available to purchase. Many of your best bargains aren’t even foreclosures at all but pre-foreclosures. Many sellers today, knowing they’re headed for forclosure, will often price their home extremely agressively to avoid going into foreclosure. Again, your local real estate agents would be the best source.