How can I find out about for closed property without paying for it?

Asked by Emily, Maplewood, NJ Thu Jan 7, 2010

How can I find out about for closed property without paying for it?

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14
John Sacktig, Agent, New Jersey, NJ
Thu Jan 7, 2010
Hi Emily,

are you asking for information on a FORECLOSED property or information "for a closed property" in in your area?

Big difference!

Email the answer and I can find either for you! Any agent you speak to you do not pay for the service.
The "foreclosure" webstites are usualy a scam, si I would avoid them, period.

Research and agent that has short sale and foreclosure experience, that should do it.
2 votes
Gina Chirico, Agent, Fairfield, NJ
Fri Jan 8, 2010
Emily,

As others have stated the best way to obtain the most current information about foreclosures that are actually for sale is through a real estate agent. Many of these websites track notices of default. Just because a notice of default is filed, it doesn't mean that the house is foreclosed it simply means that the owner defaulted on paying their mortgage. It doesn't mean that the house is automatically available for sale. The owner may catch up on his default or work something out with the bank like a loan modification, etc. For those owners that do not or cannot make other financial arrangements with the bank will get foreclosed upon either through sheriff or deed in lieu of foreclosure (the owner gives back the house) and then the banks take back ownership and will list the property for sale with a broker/real estate agent. Bank owned and/or lender homes are known as REO properties.

Some owners who may have defaulted or may just be flipped flopped in their mortgage (owe more than the house is worth today) may have their property listed for sale with a broker/agent as a short sale. Short sales need the bank's approval to sell for less than what is owed to the bank. Short sales can relatively be a long process but not always.

Again, the best way to obtain the most current information about foreclosures and/or short sales that are actually for sale is to work with a real estate agent. Even if you were to pay for the lists, what would you do with the information? Contact the owner of a property that he is financially behind on and tell him you want to buy it? Most likely he will not even entertain you at all. You can look up the sheriff's sales for South Orange and/or all of Essex County at: http://salesweb.civilview.com/SalesListing.aspx. Once you find out when the auction is going to be held, do you know how to proceed with buying a property (site unseen) at a sheriff's auction?

I have worked with buyers purchasing foreclosures in South Orange and the surrounding areas and I would be happy to assist you. Please contact me through Trulia or my contact information below so we can discuss your real estate needs. I can even send a list of the current bank owned properties in the market so you can get an idea of what they are worth and we can discuss their market value.

Gina Chirico, Sales Associate
Prudential NJ Properties
973-715-1158 cell
973-992-6363 ext 116
Gina.Chirico@PrudentialNewJersey.com
1 vote
Mary Petti, Agent, Edison, NJ
Fri Jan 8, 2010
Emily,

Did you mean a "foreclosed" property? I am assuming your question resulted from you having seen the listings here on Trulia (and other sites) for foreclosure sales where you have to sign up for and pay to get the property information.

Better off using a Realtor who specializes in forclosure sales to get the information.
1 vote
Don Tepper, Agent, Burke, VA
Thu Jan 7, 2010
Contact any Realtor. If you feel like throwing your money away, that's fine. But keep in mind that those services out there that charge have never sold one property...ever. They collect information--often inaccurate information--then sell it. Even if you did pay, you'd then have to go off and find a Realtor to make an offer anyway. So you're not saving any time. And you're certainly not saving any money.
1 vote
Caroline Gos…, Agent, Short Hills, NJ
Thu Jan 7, 2010
Hi Emily,

I live and work in Maplewood and South Orange and if you want any information about local properties, such as:

How many are currently on the market?
What is the list to sales price ratio?
How many foreclosure homes are currently available?
What are the local market trends?
What financing options are available for buying foreclosures?

I can find all this out and more through the resources available to me through years of experiences, my local MLS board and my company's database. You DO NOT need to pay for this info - most of those sites are a scam! All of the information is public and I'd be happy to send it to you.

Give me a call at (973) 985-6117 or email me directly at caroline.gosselin@cbmoves.com and let me know what exactly you are looking for and we'll get you all the info you need.

Just so you know, there is no fee for working for a buyer's agent - so you have nothing to lose by having one on your side in any real estate transaction.

Hope to be of help!
Caroline Gosselin
Realtor / Associate
Coldwell Banker
Cell: (973) 985-6117
Email: Caroline.Gosselin@CBmoves.com
Website: http://www.carolinegosselinhomes.com
Twitter: http://www.twitter.com/carolineinSOMA
LinkedIn: http://www.linkedin.com/in/carolinegosselin
Facebook: http://www.facebook.com/pages/Caroline-Gosselin-Premiere-NJ-Real-Es…
Trulia: http://www.trulia.com/profile/carolinegosselin
Ask me about the First Time Homebuyer’s Federal Tax Credit... it runs out in April!
1 vote
Vivian Mobley, Home Buyer, Nutley, NJ
Tue Aug 30, 2011
how can I find out information on foreclosed property without paying it
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Fri Feb 5, 2010
Hi Emily, the information you are after, whether for an individual property, group of properties, performance of community overall, by bedroom count - all of this is easily accessible by tapping the records of the MLS. I'd suggest you use this as an opportunity to tap the knowledge of a local agent or two. You can test their ability to provide the type of information you are looking for as a precursor to selecting an agent to assist you with your search and purchase.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Search the MLS at http://www.feenick.com
Web Reference:  http://www.feenick.com
0 votes
Robert North…, Agent, Maplewood, NJ
Thu Feb 4, 2010
Are you asking about a certain property or asking how to find out about foreclosed properties? Local agents are usually aware of foreclosure and bank owned properties. You need to ask the agent about your budget and how much work you are willing to do. Be very careful since you are buying these homes as is and some can not be financed using normal bank financing. Good luck.
0 votes
Paula Emenike, , South Orange, NJ
Fri Jan 8, 2010
Hi Emily,
I am a Real Estate agent in South Orange/ Maplewood if you want any information on foreclosed houses in South Orange please contact me.

PH# 973 868-6702
email paula.emenike@era.com
0 votes
Brian J. McC…, Agent, Philadelphia, PA
Thu Jan 7, 2010
Hello Emily,
That's an easy question,. just email me the information about the property and I will do the research for you. I actually search and invest in foreclosures myself so it would be no problem at all.

If you want please go to my website and fill out the buyer form and watch a FREE Video about Buying a Home and Foreclosures.

Look forward to hearing from you soon.

Brian J. McCloud
Realtor, Real Estate Investor
Direct. 215- 821-6262 Fax. 215-402-1013
Brian@BMCeasyhomehelp.com || FREE Homeowner Videos!
0 votes
Jeff K, Home Buyer, Bristol, PA
Thu Jan 7, 2010
If you are asking about Sheriff sale foreclosures - that list is freely available to you online. Each county has it's own list - just google something like "mercer county nj sheriff sale" and you'll find the lists easy enough.
0 votes
Laura Auer, Agent, Maplewood, NJ
Thu Jan 7, 2010
If you are interested in a property that has SOLD (closed) contact me and we can discuss. Laura.auer1@verizon.net
0 votes
Bill Eckler, Agent, Venice, FL
Thu Jan 7, 2010
Emily,

Most foreclosure information is available to real estate professionals. Our recommendation is to get in touch with a realtor from the area in which you have interest. They will be able to provide you with the information you are seeking.....FREE of charge.

Best wishes,
The Eckler Team
0 votes
The Monson C…, , Portland, OR
Thu Jan 7, 2010
Yes, I'm not familiar with your area, but you should be able to find a real estate agents personal website with foreclosure listings.

In our market we maintain 2 such sites: http://www.portlandareahomeinfo.com and http://www.portlandarearealestateguide.com
0 votes
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