Do I have to pay for an internet site to gain access to foreclosed home addresses.?

Asked by Ad, Boston, MA Thu Oct 28, 2010

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Scott A. Nelson’s answer
Scott A. Nel…, , 02155
Thu Oct 28, 2010
You can also subscribe to the local newspapers for the public notices for foreclosures. The law still requires that they be published in the paper. If there's a town or 2 you're interested in it may also be helpful to also learn of the news that's going on in and around the neighborhood you're interested in.

Hope that helps,
Web Reference:  http://www.MedfordHouse.com
2 votes
Esther Wong, Agent, Boston, MA
Thu Oct 28, 2010
most of those sites I find are not up-to-date on their info -- like the other brokers stated sign up with a local broker and they can easily email you forclosures each day as they come available -- also remember that forclosures are not always the best buy -- it does not cost anything to talk to an agent so talk to them about all options --
1 vote
Greg Rohrer, Agent, Benicia, CA
Fri Oct 29, 2010
No, But it helps. I local Realtor can provide you with foreclosure listings free. You can also find preforeclosure and auction notices in your local newspaper under public notices.
Web Reference:  http://www.gregrohrer.com
0 votes
David Chiles, Other Pro, Los Angeles, CA
Fri Oct 29, 2010
Thank you for your question about finding the address of a home that might be in foreclosure. Please be advised that you do not have to pay for an internet site to gain access to foreclosed home addresses.

RealtyTrac and Foreclosure Radar provide public information about pre foreclosure properties. Pre foreclosure properties may never reach the market for various reasons.
0 votes
Kimberly Bar…, Agent, Annapolis, MD
Thu Oct 28, 2010
Do I have to pay for an internet site to gain access to foreclosed home addresses?

Actually, no. Entrepreneurs who cull the existing inventory from various locations own many of these sites. They repackage the information and resell the data as one-time only lists or on-going subscriptions. It’s a little like paying for those lists of government grants that you could get from a visit to your local library for free.

While there is nothing wrong with a little entrepreneurship, much of the information is available through a professional agent familiar with foreclosures who can actually help you make sense of the data on the lists, and usually at no cost to you. (Some states are not buyer agency states. Maryland is a buyer agency state providing buyer representation through cooperative listing agreements.)

Also keep in mind that some of the listing data on those lists is inaccurate or out of date.

[I recently had a call on one of my listings because it was on his monthly subscription list. Not only was my listing NOT a foreclosure, but the price shown was wrong and it had been sold 3 months earlier. This individual had been paying for his monthly subscription lists and getting nowhere with them. When he came in to meet with me, we reviewed his lists and found that a lot of the properties on that list were inaccurate, very old, or even rentals. I really couldn’t make any sense out of how that information was compiled.

When he tried to cancel, the service offered him opportunities to upgrade to another service and adding products. But, when he was firm in terminating the subscription, they continued to bill his credit card stating that it would be at least 60 days for his subscription to be cancelled.]

My advice is to seek out an agent and discuss your objectives. Most agents are very willing to set you up on a notification basis of properties that meet your needs. And, when something pops up that interests you, you’ll actually have an experienced advocate to help you navigate the process and answer questions.

Be aware. Be vigilant. Be smart.

Kimberly Barton, REALTOR®
Champion Realty, Inc.
711 Bestgate Road
Annapolis, MD 21401
410.224.0645 direct
410.224.0600 x 645 (office)
http://www.Kimberly-Barton.com
@KBartonRealtor
0 votes
Willie Mandr…, Agent, Boston, MA
Thu Oct 28, 2010
The best option is to work with a Realtor familiar with the area where you are looking to purchase. Foreclosures like any other property are local and a Realtor in the area can sometime give you more insight on the properties available than you can get from just having a list.
Web Reference:  http://www.wjmandrell.com
0 votes
Justin Kenne…, , Pollock Pines, CA
Thu Oct 28, 2010
I 2nd the comment "work with local agent", not only will they know all the REO's but the agent can taylor them to your preferances. if your chosen agent does a good job, is knowledable and is quick to respond. stick with them and reward them with your busienss.
0 votes
Desari Jabbar, Agent, Stone Mountain, GA
Thu Oct 28, 2010
Why not talk to a realtor in your area. They'd be happy to send you automated emails so you'll get foreclosures as soon as they come onto the market.

Best of luck to you!
Web Reference:  http://www.DesariJabbar.com
0 votes
Elad Bushari, Agent, Boston, MA
Thu Oct 28, 2010
You can search all Boston foreclosures and short sales in this website: http://foreclosure.bostonrealestate.com/
0 votes
Amy Mullen, Agent, Shrewsbury, MA
Thu Oct 28, 2010
Not at all. I have a section on the homepage of my website for foreclosures. You can sign up for free and receive free email updates. http://www.amymullenrealestate.com

Please let me know if you have any questions

Amy
0 votes
Anna M Brocco, Agent, Williston Park, NY
Thu Oct 28, 2010
No need to pay for any foreclosure sites--do keep in mind that oftentimes some online information may not always be recent, nor accurate--any local agent can provide you with free foreclosure listings and any other information needed--why consider working with an agent of your own instead.
0 votes
Kevin Olson,…, Agent, Colorado Springs, CO
Thu Oct 28, 2010
No, you don't have to pay. You can do google searches to find them, set up an auto-email system with an agent in your area, or look on the HUD and Homepath websites for the areas you are interested.

Good luck,
Kevin
0 votes
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