Gaining a foothold in the distressed properties market requires that you know where
to find these properties and this is what foreclosure listings offer. Experts will tell you that you get the best results if you mix up various listings. Where exactly can you find these listings.
Probably the most popular source of foreclosure listings are online subscription services. You can opt for the free online listings but the paid ones offer far more than just your regular list. These sites spend on updating their sites regularly and offering value added services such as customizable search engines, mortgage calculators, literature and reports on market trends, demographics, economics and more. Some even have 24-hour email customer support.
You can go to any county courthouse and view their filings of foreclosure notices. You can find details on the homes facing foreclosure and the dates that they are scheduled to be auctioned off. Home auctions are likewise held on the steps of the courthouse.
You may also walk up to your bank or any bank for that matter and inquire about their inventory of foreclosed homes. Some banks are even open to dealing directly with individual buyers but most would require that buyers are represented by licensed real estate brokers or agents.
The real estate section of local newspapers' weekend edition typically has a list of foreclosed properties with pertinent information on who to contact and a detailed description of the home plus possibly some photographs.
An unorthodox but sometimes effective way of seeking out foreclosures is by handing out flyers indicating that you are looking for distressed homes for sale. You may also post them in high-traffic areas where people will notice them. You can also drive down streets and search for foreclosure signboards.
Now that you know there are several ways of finding foreclosure listings, seeking out the property you will buy will be a breeze.