Foreclosure Stats

Richard Frisbie
Agent
33069

I do a lot of "short sales" and would like to find useful BANK SOURCES for foreclosure stats. I'm finding the loss mitigation employees don't accept statistics from outside the banking comunity too easily.

Answers (3)
Debbie
Other/Just Looking
60445

Steer clear of Realtytrac. They are nothing but a rip off. Canceling during the free trial is IMPOSSIBLE. They will continue billing you!

Sat Mar 28 2009, 18:11
Syjen
Other/Just Looking
60022

The first answer mentioned RealtyTrac, but that website is VERY OUTDATED in its information. Just google "RealtyTrac" and "outdated" and you will see plenty of complaints (as well as people being harrassed by them over the phone and unable to cancel their credit card subscription).

Check out this example of how outdated BOTH RealtyTrac and their other site Bankhomesdirect are...

This property (2236 Washington Ave, Wilmette, IL) was listed on their sites on 10/26/2006. BUT... a blogger posted photos on 5/30/06 of this house already being demolished (http://yochicago.com/suburbs/wilmette/category/teardowns/page/3/ ).. it had already been sold and was no longer owned by the bank - was set up for teardown by a developer who already snatched it up... THAT MEANS THESE SCAM WEBSITES POSTED THE INFORMATION WELL-OVER 5 MONTHS LATE! PROBABLY EVEN LATER THAN THAT! What a rip off!!

Who wants to pay a dime to see properties they could have gotten over half a year ago. Don't give the RealtyTrac company a cent of your money.

Thu Jul 5 2007, 02:46
simplenickel
Both Buyer and Seller
San Francisco, CA
FIRST ANSWER

Have you tried propertyshark.com, realtytrac.com or foreclosure.com? Are your looking for market analysis or prospective properties?

Wed Jun 6 2007, 21:06

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