I have worked in the credit card industry for over six years (dispute department), and I know how difficult it can be to stop a recurring charge if you happen upon an unscrupulous merchant who continues to charge you even after you have cancelled your "subscription". As an aside, if you find yourself in this situation, please contact the credit card company. Ask for the dispute department, if you happen to get an a**hole, request a manager or floor supervisor.
If you are an individual looking to purchase a home for your family, talk to a local real estate agent. They can pull foreclosures listings for free. I hope that my input has been benificial. Good luck and God bless.
As Always, Casey
The real deal is this--Realty trac uploads ALL information from county records of any property that goes "lis pendens"--which basically means that it has had a lien filed on it. Now, this could be a 1000 lien on a 400,000 house, and since it only would take 1000 to settle the lien, it can appear as though you can buy that house for 1000--obviously not the case! Many of those homes are not on the market at all.
Either work with a realtor (which costs you ZERO) or go to a website of a realtor that has access to the local multiple listing service, or go to realtor.com--realtor.com only has what is current on the mls. On my website for example, I have a button where you can just go and look at what is listed for sale as a foreclosure. Free for the looking, and you don't have to register to get the information.
Most reputable realtors will share this information with you--and again, the seller (in this case would be the bank) pays the realtor commission--not you the buyer.
If you have any other questions on how this works, feel free to give me a call. But in short no, you don't need to pay the fee.
Myke Triebold, GRI, LMC
I hope I've been of some help. Please let me know if you're interested in ListingBook and I'll set you up. TX!
Save money, save hassle, save yourself from some upsets. Just find a realtor and have them help you find foreclosures at no cost to you.
I would have to ask you what your trying to accomplish by obtaining a service like Realtytrac? If you are looking to invest in properties as a full or active part-time investor I would say this "type" of service can prove invaluable. Competition for serving foreclosures is tight! Lawyers, Realtors, and investors are all sending mailings and calling these people! Getting to these people early and often is the best way to be successful.
If, however, you are only casually looking at homes I would suggest working with a realtor. Most realtors are savvy enough to let you know whether a particular property has a lis pendens or pending foreclosure!
Either way, I have no direct experience with realty trac. I receive a service through my Realtor Board which is very similar and am quite pleased with it!
Most houses in foreclosure go through motions of putting the houses for sale. First sign - Asking price higher than they paid 4 years ago. They always have multiple offers exceeding full price. They are reluctant to so show you the house unless you can show them the funds in a suitcase before making appointment and last but not least, they can not show you the house when you want to see!
Realtytrac is a professional tool and provides extreme and accurate information for professionals in the field of Real Estate. If you are a consumer forget it.
Contact a Realtor who has that tool in his arsenal. If you are an investor it may change my opinion but depending on your volume of purchases.
Less than 10 forget it. Contact an Agent.
I hope you are having a great day.
Why would you pay for this information when you can get it from
your local Realtor for free?
Plus, from your Realtor it is updated information.
Just my Opinion.