Your local multiple listing service is really the only way. The MLS will only have homes that are actually listed for sale by the bank or the homeowner. Other sites are publishing a list of homes for which legal papers have been filed to start the foreclosure process, but they are not available for purchase until the owner lists them with a realtor and they are put on the MLS. Likewise banks will not talk to anyone or sell a home until it is listed with a realtor and put on the MLS. So, MLS is really your only reliable resource.... more
No, you can't. Your tenants didn't pay on your rental, which is a bummer, but you are responsible for that loan with or without tenants. Now you want a bank to let you buy another property when you've already made it clear that you don't follow through on contracts? Please.
We have a rental too and even if our tenants don't pay, we can cover the mortgage, property taxes and insurance. It's called being responsible with the debt you take on. You speculated and lost, contributed to the problem by speculating and now you want to take advantage again? If you have downpayment now, why didn't you pay the bank?... more