This way, you don't have to worry about searching every 5 minutes to see what you missed, the listings will come directly to your email. The results are based on your specific criteria (e.g. Location, Price Range, Minimum Bedrooms, Minimum Bathrooms, etc.).
To set up the FREE listing alerts, go to: http://www.syan.com/alerts
Syan Real Estate
Call/Text: (505) 730-8181
Many searches only look at certain types of foreclosures like government owned while other sites update their information fewer that once a month. Some sites may even have homes that were sold or taken off the market more than several months ago.
Your local MLS (multiple listing service) requires Realtors to update their listings within 48 hours or face fines. For the Albuquerque area http://www.buyorsellalbuquerque.com is tied to the mls that your Realtor uses
Syan Real Estate
Call/Text: (505) 730-8181
hope this helps!
You can also receive monthly updates from title companies, or at least most brokers can. I can point you to any and all of these sources, and can even provide most of them directly, especially MLS listings, as soon as they hit the MLS. I can also provide some guidance in how to pursue homes in different stages of foreclosure. Once you have the valuable information, you need to find a way to reach the homeowners in trouble and get them to actually respond to you without them aiming a rifle at you while you are walking up to the front door. This is an art that takes skill and experience... and that's if you can find the owners, who have often already moved and left the trashed house behind. And if you do find them, do you know how to structure the offer and contract to protect yourself and get it through to closing? Another way to pursue a deal already in the foreclosure process is to work with a real estate broker to find a short sale, which is a house listed for sale for an amount less than what is owed. The issues here are that every lender is different and will discount different amounts (usually 5-20% off current market value) and they can take up to a year to finally be approved - so you need to be patient and flexible. I sometimes submit offers for my buyers on a number of short sale properties at the same time and see which one we can get to make progress. Banks simply do not have efficient systems to deal with the sheer volumes of properties in default that they are managing these days. So, I guess the bottom line is that, yes, you can find some deals out there in this flood of foreclosures, but it takes time and effort. You can read a handful of books that will give you a bunch of info that is not specific to your county and you can spend the time to learn by experience (can be expensive) or you can find a mentor, or you can find a good real estate broker to help you. You can find good ones by asking them if they are currently buying and selling distressed properties in the current market. If they are not investing their own money in these "great deals", then find one who is. By the way, you can see my latest remod (flip project) at 11717 Mocho NE, which will be listed in MLS this week! Feel free to email, text, or call me anytime with questions... use me as free expert resource until we find the right deal for youâ€¦ best of luck Cecilia! :o)
Any good agent, such as myself, can search the market for foreclosures. Just tell me what area you want to live in and what price range you are looking for. It's easy.
If you want to search yourself, go to homepath.com.
I specialize in real estate contracts, so if you are looking for a home owner to finance you, give me a call & we can talk about houses and RECs. I'd be glad to help you.
The only way I know for you to search specifically for foreclosure properties is to ask an MLS participant to set up the search for you. MLS participants, for the most part, are real estate brokers, like myself. We pay a fee to get greater access to the MLS than non-members.
Therefore, if you want to search foreclosures please contact me with your search criteria. I will create a search for you that will report to you all foreclosures that match your other criteria, such as price, location, bedrooms, and so on. There is no cost to you for this service. I do ask that you allow me to represent you if you decide to buy one of the properties I send you. I normally get paid from the seller under similar circumstances, so you will not be billed for my services in the purchase of a foreclosure.
Keith and Gina MacRae
Coldwell Banker Legacy Realtors
(505) 250-5779 or (505) 379-3225