Why are foreclosure property information not free of some sort of charge?
Mar 30, 2009 in
Financial and Loan Tips
bonze
On the world wide web there are no absolutely free foreclosure property listings. Every place i have been i have to pay for a membership. There has to be a free listing service somewhere.
On the world wide web there are no absolutely free foreclosure property listings. Every place i have been i have to pay for a membership. There has to be a free listing service somewhere.
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7 comments
BillParkhurst on April 2, 2009 at 11:50 am
Foreclosure information is directly available from the government. Check your local bankruptcy court and banks that have properties in foreclosure.
getitnowgirl on April 4, 2009 at 4:55 am
There are free listings. The problem is you’ll have to work to get the information. You’ll need to visit (in person) a number of local government agencies to find it or work with a real estate agent that specialize in foreclosure.
smartsassysabrina on April 7, 2009 at 2:56 pm
No, there doesn’t have to be a free listing. That’s how the listing services make money. Even at the government records department you’ll probably pay for a print copy if you want one.
nursesr4evr on April 10, 2009 at 9:08 pm
If you go to your local county tax assessor office, they keep that info in a book in the lobby for anyone to look at. I don’t know how to check other areas though, unless you want to name a county and see if they have a website.
newmexicorealestateforms on April 13, 2009 at 9:55 am
There are individual sites for foreclosure information here are just a few
[ ] REAL ESTATE FOR SALE BY THE UNITED STATES DEPARTMENT OF AGRICULTURE (USDA):
[ ] Real Estate for Sale by US Government Site #1
[ ] Site #2
[ ] IRS: Real & Personal Property Sales:
[ ] Acquiring a VA guaranteed home foreclosed by states:
[ ] Foreclosure requirement by HUD guaranteed loans:-$%5Bno%5D&op1=AND&SECT1=TXTHLB&SECT5=MLET&p=1&r=39&f=G
[ ] Homes and properties being sold by the different departments in US Government:
[ ] USDA Properties for sale all states
GSA Government Auctions on personal property
GSA Government Auctions on a State by State basis (personal Property)
FORECLOSED PROPERTIES BY PRIVATE LENDERS
Chase Bank foreclosures
Country Wide foreclosures
Bank of America foreclosures
Regions Bank foreclosures
NationStar Mortgage
godged on April 13, 2009 at 7:46 pm
Even the sites you pay for are notoriously inaccurate. Don’t waste the money.
Terry S on April 14, 2009 at 1:54 pm
The information is not free because Realtors make no money on Foreclosures.
People love to look at homes on the internet but forget who actually inputed all the information for them to look at those listings.
Finding Foreclosure information is work.
You have to go down to your local courthouse and look through the “Lis Pendes” files.
Most people have a full time job and cannot go and take half a day a week to do this.
That’s why is so popular.
P.S. People who complain about paying someone to collect the information usually do not have all cash to pay for a home in foreclosure.
You DON’T have the luxury of talking to a lender and doing all the inspections on a foreclosure.
When they sell them on the courthouse steps you normally have 24-48 hours to come up with the cash.
Not even hard money lenders can work that fast. If you do not have the cash to buy a foreclosure then forget about it.