Foreclosure in Lincoln>Question Details

Charlotte, Home Buyer in Arkansas

Is it worth paying an online company to get a list of foreclosure properties?

Asked by Charlotte, Arkansas Mon Jan 19, 2009

When looking for a great deal, is it worth paying a company for the list of foreclosures they offer? I wouldn't want to waste time and money paying for those listings if there aren't realistic deals to search for.

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9
No,No and No! Please contac t a local agent who can get you this info for free. These online sites just post notices of foreclosures they pull from public records & try to charge you for info that is available for free.DO NOT PAYThese propertes are not even on the market!This info is just bogus.
1 vote Thank Flag Link Mon Jan 19, 2009
Foreclosure sites that charge for the list or offer free information often have missing or incorrect information associated with them. Some of them post crazy low prices that are not correct just to suck you into their site.
0 votes Thank Flag Link Fri Jan 7, 2011
Foreclosure sites that charge for the list or offer free information often have missing or incorrect information associated with them. Some of them post crazy low prices that are not correct just to suck you into their site.
0 votes Thank Flag Link Fri Jan 7, 2011
Hi Charlotte,

There are so many of these companies out there and I have found one that helps anything but themselves.
This sites have you sign up and then you can't cancel the account and before you know it.. Boom you are $200 -$300 in the hole.

Find an agent that knows about short sales and foreclosures in your area look for an agent with an SFR designation. The SFR (short sale and foreclosure resource) designation is not meant to be the cure all for your needs, but I find that SFR agents are usually a step ahead of the crowd with these tye properties.

Good Luck!

John Sacktig, SFR
Broker / Manager
Orange Key Realty
Direct: 732-213-1409
Email: JSacktig@orangekeyrealty.com
0 votes Thank Flag Link Fri Jan 7, 2011
Realty trac is a joke, do not waste your money
0 votes Thank Flag Link Mon Nov 22, 2010
Thank you for your question about paying for a list of foreclosure properties. Please be advised that it is not a good idea to pay for pre foreclosure information if you are an average home buyer.

There are two companies, Foreclosure Radar.com and RealtyTrac who publish pre foreclosure information information about properties that they get from government agencies for free.

RealtyTrac provides a lot of valuable information about the properties, but it is of no use to the average investor. Furthermore, many of the properties listed will never even make to the market. The information that RealtyTrac provides may be valuable when negotiating a short sale on a property that has received a Notice of Default.
0 votes Thank Flag Link Mon Nov 22, 2010
No. If the properties are listed on your local Multiple Listing site, it will usually say it is in foreclosure or subject to a short sale. At the Sherrif's sale at our county courthouse, those homes are re-purchased by the lenders or a lender's representative.
0 votes Thank Flag Link Sat Nov 13, 2010
GREAT QUESTION: you can register with any online company however many dont have accurate or updated information on their sites. FREE working with a realtor place you on MLS alert email moment a home posted in MLS match your specifications and lender approval. MLS governed by professional boards agents must post correct info.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Jan 19, 2009
No, I'm my opinion it is not. There are several sites that you can go to to find foreclosures. Many of them are bank websites and it's free. Such Wells Fargo, Ocwen, Countrywide. I'd be happy to give you some websites. Not sure if I can post them though. Are you currently working with an Agent? He or she should have access to at least the MLS foreclosures.
0 votes Thank Flag Link Mon Jan 19, 2009
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