Foreclosure in Montrose>Question Details

Linda Britt, Home Buyer in Montrose, CO

Does anyone know if Realty Trac has up to date info in the Montrose area?

Asked by Linda Britt, Montrose, CO Tue Aug 28, 2007

Just need to know how to buy a foreclosed home before it goes to auction. And how to find a mortage company that will give a good rate.

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4
First talk with a mortgage lender to see what you qualify for, because foreclosed home offers often will not be accepted until you have a pre approval letter from your lender. We have several good lenders in Montrose, Wells Fargo Home Mortgage, Major Mortgage, Republic Mortgage, U.S. Bank, etc. You need to choose someone you feel comfortable with and the same with the Realtor you choose. We can all help you find a home and can show you any listing, but again work with someone you feel comfortable with. I would be happy to furnish you names of people to speak with and then you can make your choice. Thank you.

Judy Copeland
Keller Williams Colorado West Realty
2350 South Townsend Avenue
Montrose, CO 81401
(970) 209-1966 Cell
judycopelandrealtor@gmail.com
0 votes Thank Flag Link Wed Feb 9, 2011
It was ILFLS.com (foreclosure listing service). The biggest difference was that they had people going to the auctions jotting down everything that went on or entering it directly into their database. Talk about real time information! Their records are more current than some official government data.

But it really was a long time ago compared to everything that has happened to me in the past year that I can't remember anything else.
Ruth
Web Reference: http://www.oak-park-il.com
0 votes Thank Flag Link Tue Aug 28, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
Hello Ruth,
Can you let us know which IL website you found to replace Realty Trac, and how they compare?
Thanks,
Rosa
0 votes Thank Flag Link Tue Aug 28, 2007
I used Realty Trac last year for about 3 months. They were fantastic but I dropped them for an IL website that was more comprehensive and timely. Doesn't Realty Trac offer a free trial or money back guarantee? Sign up and check the information yourself. Also, go to an auction in your county to see the process, check out the competition and ask if there is a better source locally than Realty Trac.

"JUST need to know how to buy a foreclosed home" sounds like you are asking for trouble. Foreclosures are an extremely tricky business and you might not even get a better price than a For Sale home. But lets say you do get a great price, that savings could be wiped out and then some by major repair costs and lengthly legal troubles.

Go to the library and check out at least 5 different books on foreclosures and read them all before delving into this dangerous (physically, legally and financially) adventure.

You are much better off working with a traditional real estate agent to find the homes up for sale with guarantees that have had several dramatic price drops, months of market time and motivated sellers than to go with the risk of buying a foreclosure.

Good luck,
Ruth
Web Reference: http://www.oak-park-il.com
0 votes Thank Flag Link Tue Aug 28, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
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