WHY DO YOU HAVE TO PAY TO SEE DETAILS ON HOMES THAT HAVE BEEN FORECLOSE ON?

Asked by Barbara, Starke, FL Fri Jul 23, 2010

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7
Murray Balkc…, Agent, Santa Rosa Beach, FL
Wed Aug 18, 2010
because you are not working with a good Realtor.
1 vote
Doc & Ellen…, Agent, San Antonio, TX
Sat Jul 24, 2010
Just about any local agent will have that data available @ no charge to you. There are also local data services, known to your local agent community, that provide more accurate and timely information. Some well-known "foreclosure" sites advertise big bargains in order to get more subscribers. Those "deals" are usually illusions, based on old data, or faulty interpretation of the data.

If you are thinking that you will get the jump on someone and find a great value before all the rest because you paid a few bucks to some national web site, you will be disappointed, as have thousands of others. Every day in our market, and I am guessing it is true of all markets, there are lots of people who get up early, scour the public records for new postings, walk and knock in neighborhoods, looking for those opportunities. By the time the casual investor.finds out about them, the opportunity is long gone. Those that are left are often traps waiting for an unsuspecting victim.

Buying foreclosures is not a game for the casual player. There are too many ways to get seriously burned if you don't know exactly what the rules are and what to expect. If you really want to become a distressed properties investor, find someone who is willing to take an apprentice, work with that person until you thoroughly understand the game, then get them to help you to do your own. There are many investors who would love to help a newbie get started the right way.

Doc
1 vote
Bobby Carter, Agent, Starke, FL
Wed Jul 31, 2013
Their's a lot of Data collecting companies out there. And that is how they make money. By selling it to you. The same data that is sold to you is also sold to banks and financial institutions
0 votes
Anna M Brocco, Agent, Williston Park, NY
Tue Aug 17, 2010
If you are looking for foreclosures, you don't have to pay for any service--consider working with any local agent for free and accurate information--If you are looking at RealtyTrac ads--do keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--or some other kind of fee--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. Again--if you are interested in foreclosures, work with an agent--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties.
0 votes
Scott Godzyk, Agent, Manchester, NH
Sat Jul 24, 2010
You do not have to pay for that. if you are clicking on Realty Trac ads, that is how they make their money, by gathering information from public records, posting it in teh form of a listing where they do not list or sell homes, hope you will click on it and subscribe to their services.

You can look these homes up in your own registry of deeds or county courthouse or can have a broker easily email you all the information you want on foreclosures in your area,

Please see my blog for more info on Realty trac and what they do
0 votes
Antonio Vega…, Agent, Saint Cloud, FL
Sat Jul 24, 2010
Any local Realtor will be able to set you up to get Foreclosure listing updates directly to your e-mail for free. Just post a question here on Trulia with a title like "Looking for a Realtor with experience on Foreclosures in Starke" and you should get lots of agents volunteering to get you the list.

Tony Vega
Charles Rutenberg Realty
0 votes
Dp2, , Virginia
Fri Jul 23, 2010
You don't have to pay for that info.
0 votes
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