Is there really a free list of foreclosure/pre-forclosure properties that give out details?

Asked by Mollie, Texas Tue Feb 12, 2008

I know ther is realitytrac but Iwould like to find something free if it is out there.

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Myke Atwater, Agent, Santa Rosa Beach, FL
Tue Feb 12, 2008
This is my territory--online if you go to Okaloosa clerk of court web site, and look under "lis pendens" you can find what properties are in the pre-foreclosure stage. You can also find out when the foreclosure sales are being held at the courthouse. I would recommend you go to a few of these as an observer and talk to bank reps and others. The processes are matters of public record. Is there one place to get "the list"?--not an up to date list. realtytrac is very outdated--many of those properties have been disposed of in a variety of ways. To buy on foreclosure at courthouse, the sale is usually at 11 am and you have to have the money by 4 p.m.--tough for most of us "normal folk" to do. Short sale (preforeclosure) and foreclosure properties are "as is sales" and therefore you also have no protection in what you are buying.
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1 vote
luvbug692001…, Renter, Crestview, FL
Sat Jun 22, 2013
Realitytrac gains your information through fraud these properties aren't listed at this price and you cannot get the information for free.......its fraud!
0 votes
Heather Seitz, , West Palm Beach, FL
Tue Feb 12, 2008
Depending on where you're located, you may be able to get the majority of the information from public records. In TX, you have both judicial and non-judicial foreclosure process. Depending on which one, the process is different and how you go about acquiring the property will differ as well. Non-judicial is usually much quicker than judicial and you don't have as much time to negotiate with the sellers, and consequently the lenders. If you are working with a foreclosure in the judicial process, the timeline can extend several months - even years (one of our sellers is going on 18 months with no sale date in sight).

I would contact a local Realtor or attend you local Real Estate Investors association to find out what the typical process is in your specific location. Often times, they will have access to foreclosure services, many of which will offer you a free trial to get your feet wet and see what information they provide.
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