Home Buying in Auburn>Question Details

Mary Ann Kel…, Home Buyer in Auburn, CA

Where is the best place to find listings of foreclosures?

Asked by Mary Ann Kelley, Auburn, CA Thu Aug 9, 2012

Single family residences only

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4
BEST ANSWER
Hi Mary Ann,

Are you looking for foreclosures that are currently listed for sale? or pre-forclosures to purchase at Trustee sales?

For properties that are already bank owned your real estate agent can set you up a filtered search for those properties (called REO's ) only. or you can search Metrolist for Placer County, I will put the link below- just click on Property Search in the menu bar.
You can also visit Fannie Mae, Freddie Mac and the Hud Home Store sites, but they also list most of their properties with local agents that use Metrolist.

For pre-foreclosure you can subscribe to services like Realty Trac or Foreclosure radar, also follow Trustee sale info in the paper or at the county recorders office.

Can I ask why you are limiting yourself to foreclosures? Many times they are not as big a bargain as they initially appear to be, just depends on your goals for the property and your skills to repair.
1 vote Thank Flag Link Fri Aug 10, 2012
Is this for Investment purposes or primary residence? Inventory is hard to have a firm grasp on as many forecloser pending properties end up in a Short Sale OR Loan Mod and never make it to auction. If you have not already you will want an experienced agent involved to help you find the REAL OPPORTUNITIES so that your time is spent wisely and success is more likely achieved. Buyers agents are at not cost to you as a Buyer.
DRE#01324382
0 votes Thank Flag Link Wed Apr 10, 2013
Provide your guidelines to a Realtor that will provide listings of foreclosures in your area on a daily basis.
0 votes Thank Flag Link Sat Nov 17, 2012
The first and most convenient place to look for free foreclosure listings is online. There are many websites that list foreclosures, but they typically do not disclose full listings without a paid membership. Most of them, however, offer access to listings for a limited time through a trial membership, which you may use to your advantage. You can also search bank listings. Many banks list real estate-owned, or REO, properties for free either online or through direct contact.

However, to find foreclosures and get good advice as to which ones are worth looking at, I would suggest finding a experienced realtor in your area who you can trust to give you foreclosures through the MLS. Also, once you drill down on a select list have your realtor run comps so you can make an informed decision on pricing.

I hope this helps.
Parris
Lyon Real Estate Auburn, Ca
0 votes Thank Flag Link Thu Aug 9, 2012
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