Does anyone know if Realty Trac has up to date info in the Montrose area?

Linda Britt
Home Buyer
Montrose, CO

Just need to know how to buy a foreclosed home before it goes to auction. And how to find a mortage company that will give a good rate.

Answers (3)
First to answer: Ruthless
Ruthless
Other/Just Looking
60558

It was ILFLS.com (foreclosure listing service). The biggest difference was that they had people going to the auctions jotting down everything that went on or entering it directly into their database. Talk about real time information! Their records are more current than some official government data.

But it really was a long time ago compared to everything that has happened to me in the past year that I can't remember anything else.
Ruth

Tue Aug 28 2007, 10:23
Rosa Davisson
Agent
Champaign, IL

Hello Ruth,
Can you let us know which IL website you found to replace Realty Trac, and how they compare?
Thanks,
Rosa

Tue Aug 28 2007, 10:09
Ruthless
Other/Just Looking
60558
FIRST ANSWER

I used Realty Trac last year for about 3 months. They were fantastic but I dropped them for an IL website that was more comprehensive and timely. Doesn't Realty Trac offer a free trial or money back guarantee? Sign up and check the information yourself. Also, go to an auction in your county to see the process, check out the competition and ask if there is a better source locally than Realty Trac.

"JUST need to know how to buy a foreclosed home" sounds like you are asking for trouble. Foreclosures are an extremely tricky business and you might not even get a better price than a For Sale home. But lets say you do get a great price, that savings could be wiped out and then some by major repair costs and lengthly legal troubles.

Go to the library and check out at least 5 different books on foreclosures and read them all before delving into this dangerous (physically, legally and financially) adventure.

You are much better off working with a traditional real estate agent to find the homes up for sale with guarantees that have had several dramatic price drops, months of market time and motivated sellers than to go with the risk of buying a foreclosure.

Good luck,
Ruth

Tue Aug 28 2007, 06:41

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