How does one find out about a foreclosed property? Is the only way to enter C.C # and join a site?

Asked by Bets, Tampa, FL Thu Apr 5, 2012

Really interested in a property but can't get through to any info with out paying a foreclosure website.

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16
Kevin Cloutier’s answer
Kevin Clouti…, Agent, Cape Coral, FL
Tue Sep 18, 2012
Bets

You can go to my site http://www.kevincloutier.com and just click on Foreclosures, any city you like. Call or e-mail if you need more info on any property. Some you need to make an offer through an agent online.

Cheers

Kevin Cloutier
Southern Premier Realty
Caoe Coral, FL 33914
239.246.6639
0 votes
Margaret Has…, Agent, Tampa, FL
Mon Oct 29, 2012
I get this question all the time. People usually ask this question because they want to purchase a vacant property or buy a property directly from a distressed seller. If you are looking to buy a home directly from a distressed seller, the seller's bank will require the home be listed for sale with a Realtor and it is not yet a "foreclosure". If you see a home that looks abandoned, it may or may not be a foreclosed property. In any case, if it is not listed for sale by a Realtor, you can find out all the information in the world about it, but you won't be able to purchase it. This answer is probably clear as mud, but in essence, "foreclosures" are listed for sale by Realtors or else they are being held off the market by the bank for business or accounting purposes.

Best wishes,

Margaret Hassani
Broker, Lightning Realty
Phone/Text: (813) 766-1501
Email: Marg@tampahouse1.com
Website: http://www.TampaHouse1.com
0 votes
Bill Szydlow…, Agent, Tampa, FL
Tue Sep 18, 2012
Bets,

just find a Realtor that will work with you on Foreclosed properties. Make sure their office is HUD approved, should any of the foreclosed properties be HUD owned. Also, make sure they have a lender that will do a Fannie MAE Homepath mortgage. Not all lenders or big banks do this since the money the broker will make is minimal. Finally, knowing about the FHA 203K program or the Homepath renovation program, etc. will help getting the property fixed, once you buy it.

Let us know if you have any more questions. Reply to this email directly, not to the program.

thanks,

Bill Szydlowski
The Szydlowski Team
0 votes
Roschpropert…, , Utah
Tue Sep 18, 2012
Shouldnt have to pay to look at foreclosed properties. Find a foreclosure agent in your area. If there are not any big hitters then contact http://www.reoprep.com and ask them for a foreclosure agent in your area. Its free.
0 votes
Lynn Brock, Agent, Sarasota, FL
Mon Aug 13, 2012
Bets, I anticipate that you are asking about properties actually foreclosed (aka bank owned?) you can also check with the respective lenders for their owned assets.

Best regards,

Lynn Brock
941.313.1234
http://www.brockrealty-inc.com

Golfour2, The property that you have asked about is not for sale, however, there is currently a similar unit for sale with an asking price of $59,900. The property is a 2 bedroom/2bath approximately 972 sqft of living space. The complex is located within the Rolling Green golf community. To buy in this community you have to be 55+ and over.

The condo fees are $277 per month with covers, your building exterior, ground maintenance, basic cable, management, pest, private road along with your recreational facilities. You would be responsible for the electric, water, sewer and trash. Owners may have a small pet 20lbs or less. Tenants may not have a pet.

The unit can be rented twice per year for a minimum of one month. This is a lovely complex at a very affordable price. Often pictures on the internet do not depict the full impact / value of a property. When you are in town, stepping inside the unit would allow you to determine if the property would work for you.

Best regards,

Lynn Brock
941.313.1234
http://www.brockrealty-inc.com

If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.
0 votes
Caroline York, Agent, St Petersburg, FL
Thu Aug 2, 2012
You can check out the website of Homepath. They represent most of the foreclosures for FNMA
0 votes
Kevin Clouti…, Agent, Cape Coral, FL
Fri Jul 13, 2012
Hi Bets

Just contact a local Realtor to help you! We can usually get around RealtyTrac and find out without you having to join anything.

Kevin Cloutier
Southern Premier Realty
Cape Coral, FL 33914
0 votes
Lynn Brock, Agent, Sarasota, FL
Fri Jul 13, 2012
Bets, To find out information regarding a foreclosed property or bank owned, yes a real estate agent can provide information for you.

If you are asking for information during the time the property shifts from a lis pendens notice to being a bank owned, then this information is very time consuming to "data mine". There are investors that specialize in this area and have spent years cultivating sources, techniques and formulas to determine good properties from high risk ones.

There are so many factors that can occur during this "coccoon" stage (transition from lis pendens to bank owned) it is very difficult to purchase the property during this phase. If you'd like more information regarding foreclosures, there are so many books available to help guide you through the process.

Good Luck
Lynn Brock
Brock Realty Inc
941.313.1234
http://www.brockrealty-inc.com

Gatr796, If your accounts are 100% on time then you have other compensating factors that are dragging them down.

1.) If you have a revolving credit account, and the maximum limit is $5000 and you carry a balance of $5000, then this will impact your credit scores.

2.) If you have a revolving credit account and you carry a balance due of 50% or more (based upon your maximum limit, then this can impact your credit scores.

3.) Too many new credit accounts.

4.) If you recently paid off/down an account this may drop your credit scores.

5.) If you had a prior bankruptcy which no longer shows on your credit and you have any slow pays this can affect your credit scores.

6.) Although you pay all of your accounts on time, what you owe (based upon all of your credit accounts) may be too high.

If you truly pay your accounts on time, 613 is a low score, there is something else impacting your credit history. You need a full trimerged credit report complete with scores, work history, address history and prior accounts.. This is approximately 20 pages.

Your question will prompt, lenders, mortgage brokers and credit repair specialists to answer you. This is a good way to find someone to help you.

Good luck,

Lynn Brock
Brock Realty Inc
941.313.1234
http://www.brockrealty-inc.com

If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.
0 votes
Homes, , Sand Canyon, CA
Thu Jul 5, 2012
Check on http://www.ishortsales.com,
THey have foreclosures, short sales and preforeclosures.
It may be there with more information.
0 votes
Link is no good
Flag Fri Jul 13, 2012
Bill Szydlow…, Agent, Tampa, FL
Thu Apr 5, 2012
Most foreclosures are listed with realtors and in the MLS. All you need to do is start working with a realtor.

Let us know if we can help.

Bill Szydlowski
0 votes
Alain Picard, Agent, Puyallup, WA
Thu Apr 5, 2012
Like everyone is saying here just talk to a local real estate agent and they will be able to help you at no cost to you.
0 votes
Jeff Popick, Agent, Marco Island, FL
Thu Apr 5, 2012
You should not have to join a site, especially one that charges a fee. You should locate an agent that specializes in foreclosures in the area in which you have interest. You should also be aware that, for one reason or another, not all bank-owned properties are on the market.

In Florida, you should be able to also find properties that are in default with final judgments. You should be able to search these through your county's records. Then you can, after checking the title, go to the courthouse and bid on the property(ies) you're interested in.

Jeff Popick
239-450-3000
0 votes
Loretta Buck…, Agent, New Port Richey, FL
Thu Apr 5, 2012
Use my website--you can sign up for a FREE search there: http://www.RealWorldPropertiesInc.com
0 votes
Dan Tabit, Agent, Issaquah, WA
Thu Apr 5, 2012
Bets,
Agents don't charge to find you a foreclosure. If the home is currently on the market, or will be soon and agent can track down the information you want and help you buy it.
Find a great local agent and tell them what you are looking for, both in regard to this house and others you may want to consider.
0 votes
Natasha McCo…, Agent, Tampa, FL
Thu Apr 5, 2012
What is the address and I can help you. Im a realtor. Or u can email me at natashamccormick@c21be.com
0 votes
Kevin Clouti…, Agent, Cape Coral, FL
Thu Apr 5, 2012
That site is a rip off. They want to tell you about foreclosures PNLY if you pay for it.

Any good agent working as your buyer agent can get bthem for you for FREE. Dont be conned.

Good Luck

Kevin
0 votes
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