How do I find out what is going on with foreclosed houses in my neighborhood?

Asked by Moaneser, 08502 Wed Aug 31, 2011

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6
Andrew Chang, Agent, Hillsborough, NJ
Sat Feb 1, 2014
Keep in mind that, when you interview and try to find a realtor to work with, not all agents can help with foreclosure homes. The process takes much longer and the success rate is lower than regular purchase. Agents earn the same % of fees. Also, it requires more expertise: legal (to deal with lender/bank); repair (foreclosed homes not in good condition); and financial (special mortgage, etc). But the reward to the buyer can be high.
0 votes
Jerry Barker, Agent, Atlantic City, NJ
Thu Sep 1, 2011
Hire a Realtor without any more hesitation, as a buyer it will not cost you a dime, they will earn their paycheck from the proceeds of the sale. For a more in depth look into the benefits of hiring your own Realtor check out this article: http://www.suite101.com/content/two-reasons-home-buyers-shou…
Web Reference:  http://www.sjrates.com
0 votes
David Chiles, Other Pro, Los Angeles, CA
Thu Sep 1, 2011
Thank you for your question about finding out more information about a specific property in your neighborhood. The County Recorder records all information regarding foreclosures and judicial foreclosures are recorded by the court as well. I recommend calling a real estate agent who is signed up with RealtyTrac because this information is contained in their database and they could provide it to you easily. Submit a request from their website or sign up yourself for access.
Web Reference:  http://www.southerncalre.com
0 votes
Walter 'Skip'…, Agent, Brea, CA
Wed Aug 31, 2011
Hi Moaneser,
There are a number of web sites offering this information. Some of the sites are fee based. I am not sure whats available in your area but just google the question and I am sure you will find the information.
0 votes
Ron Thomas, Agent, Fresno, CA
Wed Aug 31, 2011
I would expect your first inclination would be to call a Realtor:
If you are interested in investing in REO's, you would need to have a Realtor in your corner.
Realtors, acting as a Buyer's Agent are free to you,
Their council and research are, likewise, free.
Probably the best deal of your life!

Good luck and may God bless
0 votes
Jessica Holt…, Agent, Moorestown, NJ
Wed Aug 31, 2011
There are many ways to find out this information. The best way would be to contact a realtor so that they can tell you about the foreclosures in your specific neighborhood. This is the fast and free way. If you are a homeowner who may need to list your home as a short sale, a great resource is http://www.ShortSaleSouthJersey.com.
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