Discover A Simple Undercover Free Foreclosure List Secret

Free foreclosure lists are one simple way to find discounted houses

. No matter if you are searching for fix and flip houses, rental properties or even other good real estate investments, free foreclosure listings are excellent methods to start your search. When you are looking for free foreclosure lists, there are a couple of things you must take into account so that your efforts pay off.

Each free foreclosure listing as well as every free foreclosure list can be likely a little different. And, you will discover basically 4 different types of free foreclosure lists you will come across once you begin researching.The most important things that you should know when you find your list is what kind of free foreclosure list you have. This is important because the laws and regulations change based on what list you are looking at. So, let me simply jump right in and teach you the 4 different types of free foreclosure listings that you are likely to find.

List 1: The Free Foreclosure List Before The Filing Date

The first free foreclosure list is what I would call pre-foreclosure before the filing date since the houses on this list are shown ahead of the initial foreclosure filing is done. There is no paperwork submitted from the lender at this point. The owners of the home might be behind with their payments and things are most likely not looking very good in financial terms for them but they are not to the stage of getting the Notice of Election and Demand recorded. This is one of several kinds of free foreclosure lists that you will find while searching.

List 2: The Free Foreclosure List After The Filing Date

The second list of free foreclosure listings will be posted after the recording day. Once the lender has obtained an motion to file the Notice of Election and Demand, the free foreclosure list moves to what I will describe as the pre-foreclosure after the recording day. Now, many things change when you are getting a foreclosure list that is within this particular period of time. It is an important detail to know simply because legally, from state to state, what you can do to address the homeowners money problems at this stage of time differs considerably. This is the 2nd kind of free foreclosure list that you are going to come across.

List 3: The Free Foreclosure List At The Sale

Another listing is what I would call the sale date foreclosure list. It is the list with properties schedule for foreclosure by the public trustee or county. This foreclosure list is available at the moment in time when the lender has gone through the entire process and gone through their alternatives other than foreclosure but now the foreclosure is becoming virtually unavoidable. There is a date set with the county and the house is actually going to be sold at the foreclosure sale. This free foreclosure list is really in that period following the recording day but before the exact foreclosure date.

List 4: The Free Foreclosure List After The Sale

Finally, the 4th free foreclosure list you will find, and you will find these free foreclosure listings located in just about every city in the United States, is after the foreclosure sale itself. This list is called bank owned properties or even REO. So the fourth free foreclosure listing category that you will find are bank owned properties. The actual foreclosure has occurred and now the properties are owned by the lender.

And so if you are searching for free foreclosure listings, these are the 4 various kinds of free foreclosure lists that are available that you can get your hands on. Use this knowledge to find significantly discount houses that you can buy for good real estate investments.

by: Rob Swanson

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