How to Locate Real Estate Foreclosures

**shedsnhomes** · 03-09-2011, 09:36 AM

Some of the sources where you can locate a real estate foreclosure are:
1. Real estate agents: Real estate agents are the top source of real estate foreclosures. You can ask for REO Listings and observe the name that comes repeatedly in the listings. This is the Real estate agent with access to the best properties. You may find thousands of foreclosures in this manner.
2. Real Estate signs: You can drive through neighborhood that interests you and spot the properties in foreclosure. The sign posts may read:
• Foreclosure
• Bank owned
• Bank repo
Call the agent whose address is on the sign and enquire about foreclosure listings coming up. Agents who specialize in foreclosures usually wait till banks are ready with list price. But you can get your hand on property that is not yet listed.
3. Websites of major banks: Many banks maintain online list of foreclosed properties. Examples of national banks that maintain such details are Bank of America, Country wide etc.
4. Asset management companies: Some lenders hire asset management companies on behalf of their customers who have real estate foreclosures.
5. Government agencies: Some government agencies want a real estate broker to finish the deal. Some of the government agencies are:-
• HUD- Housing Urban development foreclosure homes
• Fannie Mae foreclosure homes
• Department of the Treasury
• SBA: Small Business Association
6. Auction houses: Auction houses hold huge auctions selling as much as 100 houses in a day. Critics say that the properties sold are at high rates but sometimes you can land a real winning deal via the auction house.
7. Internet foreclosure companies: Internet based foreclosure companies provide you information on real estate foreclosures for a small fee. The fee is justified because of the time and effort put in collating, arranging and presenting real estate foreclosures lists in their website. Examples are Foreclosure.com and Realty track.

**mohalijunction** · 03-09-2011, 10:24 AM

your information about real estate foreclosures are really good and intereasting, thanks for sharing

**garys412** · 03-10-2011, 05:57 PM

Hi,

I used realtytrac once and it was pretty cool....I zeroed in on lots of foreclosures....other than that just check the clerk of courts website for propertys that have liens...shouldnt be too hard.

**Watson** · 03-11-2011, 12:39 AM

Originally Posted by mohalijunction

your information about real estate foreclosures are really good and intereasting, thanks for sharing

Yes I agree. This was really informative and I totally agree that for the foreclosure benefits, you should at first consult with your broker.

**mikesmith** · 03-16-2011, 01:04 AM

Thank you for such an amazing information you shared with the members...

I am looking forward to make a PDF document and i ll involve this over there.

Thanks again!

**ryanhmt** · 03-16-2011, 04:08 AM

Thanks for the post. You have presented complicated information in a easiest way. Thanks a lot.
Finding foreclosures is fairly easy in depressed markets, but it's also simple to find foreclosures in strong real estate markets.

**Carla Hailey** · 04-29-2011, 01:59 AM

real estate signs:
Driving through neighborhoods where you want to buy is another great way to find foreclosures. The riders on the sign posts might say

major bank websites:
Many banks maintain online lists of foreclosed properties. Here are a few national lenders who maintain Web sites of bank-owned properties

asset management companies:
Some lenders hire an asset management company to handle foreclosures on the lender's behalf.

**james116** · 04-29-2011, 04:41 AM

1.Websites of major banks: Many banks maintain online list of foreclosed properties. Examples of national banks that maintain such details are Bank of America, Country wide etc.

2.Asset management companies: Some lenders hire asset management companies on behalf of their customers who have foreclosure properties.

6.Auction houses: Auction houses hold huge auctions selling as much as 100 houses in a day. Critics say that the properties sold are at high rates but sometimes you can land a real winning deal via the auction house.

**markbrian** · 04-29-2011, 06:53 AM

I have a specific page on my website for buyers to sign up for a free list of foreclosures in my area. Many other real estate agents will probably also do the same thing. Once you decide where you are interested in, find an agent to help you and they will send all the foreclosures to you via email as soon as they hit the MLS.

**Danialves** · 04-30-2011, 09:59 AM

Yes,Taking about the foreclosure first of all many of the people don't understand what this term means.I think that you are absolutely right,i totally agree with you.