Foreclosure in 20111>Question Details

Chelsea Burk…, Other/Just Looking in

How do I find more information about a foreclosed home (for free)?

Asked by Chelsea Burkhardt, Sat May 5, 2012…

I am interested in potentially buying this home, but am a first-time buyer and am unsure what steps I should take.

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1 vote Thank Flag Link Fri Nov 14, 2014
Hi Chelsea Burkhardt,

I am a Realtor as well as in investor in Northern Virginia. If you are interested in foreclosures as soon as they pop on or even before they pop onto the market, just let me know. I can link your email to my specialized foreclosures list so you can get a head start before other buyers jump in. Please contact me!

List it, SOLD!

Kenneth Wang
(571) 251-1113
0 votes Thank Flag Link Mon Jun 2, 2014

A good way to look up properties for free is to use a real estate professional or you can use the following sites.

I hope that helps.

0 votes Thank Flag Link Tue Nov 20, 2012
Free......the best and most reliable resource for current and reliable information on "Bank owned" property is via a local real estate professional. One of the biggest complaints we hear about buying foreclosures is that by the time buyers place their offer, the property already has multiple offers on it.

This is happening primarily because people are resorting to their own means of finding these properties. The rule of thump to remember is that anything that is "good" goes fast, usually in the first couple of any serious buyer attempting to enter these highly competitive waters should do so with the support of an agent that can notify them of new listings as soon as they become available.

AND...yes these services are FREE because the bank seller pays the fee for professional services.

Best wishes with your search,

0 votes Thank Flag Link Sun May 6, 2012
For free? This information is free... :) just give the listing agent a call...and they are required to tell you all about the property.......for FREE :)
0 votes Thank Flag Link Sun May 6, 2012
The home you are interested in will be listed on the market soon. Now it's bank owned, but they will have an agent put the home on the market. They normally don't talk to anyone prior to that.
0 votes Thank Flag Link Sun May 6, 2012
When a lender forecloses on a home it take them some time to list the home on the market for sale. In some cases a bank my own a home for a long time before they decided to list it for sale.

A local real estate agent can set up an automated alert for you so that you get emailed as soon as the house you are watching becomes available for sale.

If you need an agent in the Manassas market, you may want to consider finding a local REMAX Real Estate Agent.
0 votes Thank Flag Link Sun May 6, 2012
Step 1: Contact a local agent that will work for you. They can get you free information on this or any other listing.
0 votes Thank Flag Link Sun May 6, 2012
Hi Chelsea,

The information that would be provided is free.

Denise Carey
Alice Denise Carey/Home Team Realty
Manassas, Va
0 votes Thank Flag Link Sun May 6, 2012
As a first time home buyer there is so much to learn that you really need to start by having your own agent. Agents can research foreclosures for free and will educate you as to the process and advise to the most reliable strategies with the offer.
I also wouldn't suggest you focus strictly on foreclosures. Some can be a good deal; others can be full of unexpected surprises and expenses.
0 votes Thank Flag Link Sat May 5, 2012
Your first step should be to interview a few agents before hiring one. They can provide the guidance and information you seek.

Also, don't fall for RealtyTrac's ads. They are just trying to sell more subscriptions. Just because a notice of default has been filed, it does not necessarily mean the property is or will ever be for sale.


Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
0 votes Thank Flag Link Sat May 5, 2012
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