I specialize in foreclosures and use realtytrac a lot. The information can be dated and not just by days, by months. Some properties remain on there well after they are sold or auctioned. And there are a lot of properties out there that are not on realtytrac that are in foreclosure. The best place to find foreclosures if you're serious about finding a solid one with great value for your money is through an agent and I'm not just saying that because I am one. But we have access through the MLS and Realist which is a tax site and can find foreclosures for you instantly and be successful in getting them closed.... more
Your question is kind of ambiguous. Do you mean that the home has already been foreclosed upon and is now owned by a financial institution (bank) and listed on the market as an REO property? If this is the case then of course you may get a mortgage, sometimes even one through the bank that owns the property. They tend to give some incentives to fill out a loan application with them. If, however, you are planning to purchase a home at auction, you best have a lot of earnest money (cashier's check) with you and have made previous arrangements with the auctioneering company for your financing. These are a bit more tricky. If this is your plan, be sure to read the online information. If you are wanting to buy the place at the courthouse steps, I am pretty sure you need cash. Good Luck!!... more
I recall that foreclosure.com lists a great many pre-foreclosure homes. Yours might be among them. Unfortunately I've noticed lately that rental owners and even commercial rental owners will collect rents for months while not making payments on the property or telling the tenants. Perhaps someone else here has helpful information/advice.