How can you find foreclosures without paying a fee?

Michelle
Other/Just Looking
Bellmore, NY

Answers (3)
Barbara E. Nowak
Agent
11561

I am Realtor in the Nassau area. If you are interested receiving foreclosed and pre-foreclosed listings in the area of Bellmore (or any other area of your interest) e-mail me, and I will be providing you with a list and then continue to updates you on new listings as they become available
My e-mail address is:
Realtor@BarbaraNowak.com
Thank you

Mon Jul 28 2008, 19:22
Ken Herrera
Agent
Las Vegas, NV

Michelle,

Don is right. Just because there are many companies offering foreclosure lists, doesn't mean you cannot access the information yourself for free. These companies just give you a centralized database. When a property is going into foreclosure the lein holder will record the default and it is public record.

Tue Jul 8 2008, 20:01
Don Tepper
Agent
Fairfax, VA
FIRST ANSWER

Why would you have to pay a fee? All the information is out there for free.

If you want to work with a Realtor (I'd recommend that, but it's a free country), call a Realtor. Foreclosed properties are brought back on the market as REOs (real estate owned...bank-owned properties). They're all listed on the MLS. You can't just approach a bank on your own and expect to buy a house. A Realtor won't charge you a fee.

If you're talking about pre-foreclosures, you can find them yourself in your local newspaper, in the classified ad section. Or, go down to your local courthouse where the notices of default are filed.

If a property is being offered as a short sale (not a foreclosure, but someone trying to avoid foreclosure by selling their house for less than what's owed on it), again work with a Realtor. Many homeowners who are facing foreclosure will attempt a short sale.

It's easy. And free.

Tue Jul 8 2008, 16:17

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