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Where To Find a List of Foreclosed Homes?

Posted By: Dirtguy

me8md аѕkеԁ:


Hello, I аm a real estate agent іח Long Beach, California. Wһеrе саח I find leads οח homes tһаt аrе foreclosed οr аrе аbουt tο bе foreclosed?

beach property real estate

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Filed Under: Renting & Real Estate Tagged with Foreclosed Homes, Foreclosed Property, Hello, Leads, Long Beach California, Property Real Estate, Real Estate Agent

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4 Responses to “Where To Find a List of Foreclosed Homes?”

1. everardoacevedojr says:

   June 11, 2009 at 4:24 am

   Trac Realty, google it, best answer please
2. Tamara says:

   June 13, 2009 at 8:10 pm

   I think the last guy meant RealtyTrac. That is good, but after 1 week its $50 per month – which is a waste of time. You can go into the individual bank sites to find properties that are already bank owned (they have gone through the auction process) just type REO or Properties in the search part of each website.

   With buying foreclosures at auction try and they will have a listing of sale dates upcoming. The thing with buying a property at an auction is that you may not get clear title – there may be outstanding tax, hoa liens that you will be responsible for – so doing your research prior to the sale is key. You also need to be able to give a down payment and be able to have funds to pay for the home.

   Because many people being foreclosed on purchased their homes with 100% financing in most cases you will be bidding against the bank – and usually they win.

   You can also get in touch with any local Realtor in your area who specializes in Foreclosures and they should be able to help you – you don’t pay their commissions – the banks do.

   Thanks,

   Tamara
3. jackson says:

   June 16, 2009 at 8:40 pm

   As you probably know…… foreclosed homes usually end up costing more in the end. So a good client will not even touch it.
4. godged says:

   June 18, 2009 at 5:22 am

   I have a couple friends that do REOs, this is a tough gig. When you get dialed in with a lender, they will give you the crappiest foreclosures. But if you are friendly and efficient, you’ll get more.

   Be cautious of some services that feed you REOs, they will take 30 – 35% referral fee.