subject: Where to Quickly Find Local Foreclosures [print this page] Author: Expert Advice Author: Expert Advice
With the HUGE amount of foreclosed homes nowadays it's not very practical to apply conventional ways to find foreclosure listings. It just takes too much time not to mention you won't be able to find them all.
In fact since they are so darn many you now need an automatic way to; 1) research through thousands of neighborhood foreclosures, 2) then filter your results down to a feasible level, 3) print them or transfer them to your computer or send them to your cellular phone.
This is not only the practical way to explore, but it's also the easiest way to find your dream home at a great price. This is why I strongly recommend using a foreclosure specialist. The best ones offer you a no cost trial, which gives you access to;
1) searchable files with millions of foreclosure foreclosed houses and distressed properties
2) results you can separate by keywords, price, location, type, etc.
3) professional advice, detailed data and referrals to realty pros
To find out what foreclosure expert I think is the best go to www.estore-services.com/homes Foreclosure Hunting Methods Not Recommended Anymore
These are some of the outdated ways that used to be popular to find foreclosed properties.
If you know the neighborhoods you'd care to live in, is to ride through them. Search for "For Sale" signs that say; "Foreclosure", "Bank-Owned" and "Bank Repo".
Call Up the phone number listed on the signs and inquire about other foreclosure foreclosed properties in the area. But don't forget to also inquire about the foreclosed houses that will be in the upcoming market.
It's the perfect way to get a jump on the other buyers by asking about the new foreclosed properties not yet listed. Sometimes it takes weeks for the bank management to approve the list price.
Many banks maintain online lists of foreclosed properties, so check their web site. Other lenders hire an asset management company to handle foreclosed homes on the bank's behalf. Get hold of them for their up-to-the-minute foreclosure listings.
Foreclosed holdings are available through the following government offices; HUD - Housing Urban Development, Fannie Mae, Department of the Treasury and the SBA - Small Business Association. Visit each web site for more data.
Ordinarily there are a limited number of real estate agents that specialize in listing REOs for sale in your region. They can be discovered by probing the MLS (multiple listing service). Just ask your broker to explore the MLS for "REOs." Remember, these techniques were acceptable years ago but they are NOT worthwhile any longer.About the Author:
Rick is an investment and real estate expert with 27 years of experience. At his website you'll learn how to search thousands of local foreclosure listings. Ideas on how to use keyword criteria to find the exact type of house you want, in the perfect neighborhood. For help with finding your dream home go to www.estore-services.com/homes
