Sunday, April 11, 2010

How to Get Foreclosure Listings

Knowing how to get foreclosure listings can help you to find excellent investment properties. Good realtors, auctions and the internet make it easy for everyone to find foreclosures these days. Distressed real estate is becoming more and more affordable.

FIND A REAL ESTATE AGENT - If you are looking for foreclosure listings, try finding a good real estate agent. A good realtor can print you out a list of the current foreclosures in the area that you are looking at. They can find the history of the property and let you know the best process to go about purchasing one. A real estate agent can be very helpful when you are buying or selling property and when you are researching foreclosure listings. Make sure your agent is someone that you are comfortable with because you will end up spending a great deal of time with them. Ask friends for a reference if you do not know any real estate agents yourself.

BANKS - Go directly to the banks that own real estate foreclosures. Many times you will find the best deal on a foreclosure by dealing directly with the bank that owns the foreclosure. Some banks have their foreclosure listings online, otherwise you can just call the banks directly and ask for the person in charge of REO's.

AUCTIONS - Attend a foreclosure auction. They are available throughout the country. Some auctions are online and some auctions can be attended in person. Make sure you follow all of the rules and instructions of the auction you are attending. Each auction is different. Most auctions give out the foreclosure listings weeks ahead of time to give you time to research the properties and sometimes even view them ahead of time. Make sure that you do your due diligence and thoroughly investigate and research any property before you purchase it. You do not want any surprises when it comes to real estate.

INTERNET - Find foreclosure listings on the internet. There are many sites that gather foreclosure information and pass it along, usually for a fee. It is convenient to access the information on the internet, but it may not be worth the fee, depending on how much the fee is. The internet can be useful when searching for information on foreclosures and mapping out where they are located. You can also find histories of properties on the internet.

You can find real estate foreclosure listings easily.

No comments:

Post a Comment