Home Buying in Arizona>Question Details

Celina, Home Buyer in Sierra Vista, AZ

Looking/need a bigger home but we can't afford it at it's original price, looking into getting a

Asked by Celina, Sierra Vista, AZ Mon Dec 3, 2007

pre-forclosed or gov. tax. sale home... in Sierra Vista Arizona... & Douglas Arizona (85607), where could I get info or free listings of these homes?? Every site that I go into askes to become a member and pay so much money... I really can't afford that and I know there has to be sites that I could get the info I need for free I just don't know where to go...
Could you please help me??

CHeli... AZ ( baby_jaz22@hotmail.com )

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Celina you can search this question, on Trulia. It has been asked many times,

I have answered it to the point of copy and paste, for you I personalized this one.
Still the same answer.

There are a few dozen companies that charge you for public information. How nice.

You will get...

Notice of Default...... Who cares?

Notice of Trustee sale.
90%, more like 98% ( in AZ ) do not sell at auction, and go back to the bank.

HUD homes.

Bank Owned, REO property`s, is the list you want.

How do you get the list of Bank Owned REO`s.

You need to hire an experienced Realtor in your area.

Anyone can track the Trustee sale, pick up any paper ,there they are. The big question is where did the home go after it went back to the bank.

The home will go to a listing agent, That listing agent may not list the home on the MLS, because they have a list of investors, Buyers who are looking to buy. Also they are not getting paid a full commission from the bank, so selling it them selves is understandable.

After about two weeks ( maybe three ) if they can`t sell it them selves they put it on the MLS.

Twice a day ( sometimes three) I check a list of address`s on the MLS.

I make as many contacts with Members of National REO Brokers Association, Inc. Tough club to get in to. especially now.
I let them know the buyers I have and what they are looking for. It would make sense that the good deals never make it to the MLS.

What is a good deal? Buyers are chasing Foreclosed property`s, because they think they are getting a good deal. When actually they could be getting a better deal with a Re sale property instead.

Remember Celina, the banks have great Realtors, and Lawyers working for them.
Finding the property is actually the easy part, making sure you don`t get screwed, now that`s the hard part.

Buyer beware, there is no such thing as a free lunch. Hire an experienced Realtor.
1 vote Thank Flag Link Mon Dec 3, 2007
Mr.P, Other/Just Looking in Arizona
MVP'08
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