How can I find a listing of foreclosed homes/condos?

Asked by J Jordan, Tempe, AZ Thu Apr 3, 2008

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Christine Ly…, Agent, Tracy, CA
Thu Apr 3, 2008
Hi Jordan,

In my area of California short sales (pre-foreclosed) and REO's(banked owned foreclosed homes) are on the MLS, there is no need to pay anyone for information that is already public. Pick a local agent and start hitting the streets. A pre-foreclosed home (short sale) is harder to work with then a home that is already bank owned. That is a whole other topic.
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Amelia Pleas…, Agent, Garner, NC
Thu Apr 3, 2008

A fabulous website I use often is RealtyTrac. Check it out. I will warn you it is addictive. You will be able to search foreclosures, pre-foreclosures, FSBO's, Bank Owned and more. Have fun with this site. You can subscribe to it and cancel when you don't need it anymore. It's worth the money. When you subscribe you get detailed information. You can use the site without subscribing an get vague info to see if there are any properties in your area.

Good Luck,

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Kenny Everson, Agent, Lawrenceville, GA
Thu Apr 3, 2008
Your local paper that runs the legal notices will advertise the homes that are going into foreclosure. Once they have gone into foreclosure, many banks will post the homes they have for sale. Go to your banks website and search for bank owned or REO properties. You can also call a local agent that specialized in these types of properties. They will be able to pull a list of homes being advertised as foreclosures.

But don't just stop at foreclosures. If you are looking for distress sales, then you also want to look for "Corporate Owned", fixer-uppers, estate owned and vacant properties.

Good Luck
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