Thread: Foreclosure Properties fo Investment

What is the best way to obtain foreclosure listings?

Foreclosures are typically done by county and each county typically has a legal newspaper that they are published in to satisfy the legal requirements associated with foreclosing on a loan. You could go to the county recorders office and ask them what legal paper the notices are typically published in (since the notice of default and notice of trustees sale is recorded, they usually know the players in the game).

Depending on how large your area is (metropolitan or small town) there is almost always at least one online resorce that publishes the foreclosure notices, but they all require subscription and payment. If you plan on doing this as a business venture, then the online resources are the way to go. Just search in Yahoo or Google; it should give you a couple results.

If you're just looking for foreclosure listings (of properties that have already gone back to the bank), then I would once again suggest an online search of real estate agents/brokers in your area. Now that the banks are seeing the results of their loose lending practices get dumped back in their laps, the real estate sales community is there to help them solve the problem. In fact, in my area here in California, there are about ten or fifteen agents that solely specialize in selling foreclosure properties. My experience however is that once it goes on the open market, there is no longer a good deal to be made.

Good luck!
Dan in California

Great post, I agree.. If you're just seeking for foreclosure listings, then I would once again suggest an online search of real estate agents/brokers in your area.there are lots of real estate business online.. you will not have a hard time finding then.. Now that the banks are seeing the results of their loose lending practices get dumped back in their laps, the real estate sales community is there to help them solve the problem. In fact, in my area here in California, there are about ten or fifteen agents that solely specialize in selling foreclosure properties. My experience however is that once it goes on the open market, there is no longer a good deal to be made.

Concentrate on looking for foreclosures. Apart from lists provided by banks and other lenders, you can also locate foreclosures by reading the notices issued by the city or county and posted in the legal sections of business journals and local newspapers.
Some properties are available to purchase when the city or county has

Great post reply! All the reply info on this post is awesome. I may be looking to invest in the future and this was very helpful!

Find a good Realtor in your area he or she can help you.

You can easily find foreclosures online by signing up with Foreclosure.com. You can search for local foreclosures in your area and view the records. In fact, you can search all the foreclosure listings and get everything but the address before you sign up for the free trial, to be sure they have something for you.

There are many home buyers and investors that are looking for amazing deals in the real estate market and the best deals to accomplish is foreclosure. So which category you are in?