You will not find realtytrack listings to be dependable. They want you to give them your credit card number to see that the actual property is not for sale.
All is not lost. You can go to a site http://www.realtor.com and see actual foreclosures for sale.
You can ask any realtor to send you daily updates so when new properties become available you will know.
A realtor does this at no charge to you.
Sorry, realtytrack has worthless listings here. For more information look below
At the bottom of the article shown it says...
RealtyTrac has as many as 800,000 bank-owned homes in its database, but less than 30 percent are for sale. Gradually putting those on the market helps prevent major price declines, Sharga said.
(They show them all)
" ... im a first time buyer looking to be prequalified what can i do about to start the process"
It's very important to understand your purchasing power BEFORE you start looking at any property. Unfortunately, the terms â€œPre-Qualificationâ€ and â€œPre-Approvalâ€ are used interchangeably in the RE Industry to mean the same thing â€“ they are not. You do need a full Pre-Approval to avoid being caught by surprises once you enter into escrow as this can place your deposit money at risk.
â€œPre-Qualificationâ€ vs. â€œPre-Approvalâ€ is covered here: http://www.Steven-Anthony.com/default.aspx?pp=39377
You have three main sources for your financing. As a consumer, knowing the pros & cons of each source, the level of information needed to quote a reliable rate, and how mortgage rates are determined on a daily basis is all important information to guide you towards a decision on who to work with. You can find out all of this information and more by reviewing this post:
Also contact a bank/lender to get pre-qualified, as most of the offers made in REO or short sale's require to present a pre-approval from direct lenders.
Besides, RealtyTrac charges you money. You can get better information for free from a Realtor.
So: Contact a Realtor. Tell him/her what you're looking for. That's how to start the process.
Hope that helps.