. Are foreclosure lists available and free at real estate offices in waukegan or am I better off going to city hall?

Asked by Agustin J Hernandez, Schererville, IN Fri Mar 25, 2011

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John Walin, Agent, Libertyville, IL
Fri Mar 25, 2011
focus on fannie mae and freddie mac foreclosures and skip the sheriff auction. Homesteps properties offer clear title eand none of the baggage of an auction property.
1 vote
Scott Godzyk, Agent, Manchester, NH
Fri Mar 25, 2011
You can search county records for foreclsoures, but to buy at auction you should be a cash buyer and buy with no contingincies, that means no mortgage or inspection. The best deals for most buyers are after the bank buys it back at auction and clears the title, cleans the house and readies it for sale. Your best bet is to hire a buyer broker who can assist you with finding a foreclsoure you can usually do so at no cost to you, they get paid their commission from the fee advertsised in MLS by the listing agent and paid at closing.
This way they can get the information for you and you will have someone assisting you through each step of the buying process.

Now if you want tio work alone, your best bet is contact the leading listing agents of bank owned homes in your area, the listings are assigned a good month before they hit the public, the agent has to wait for it to be cleaned , appraised and get clean title, in teh mean time you can look at these house, inspect them and get your offer together for when they do get priced you are first in line.

please see my blog for a complete list of tips and advice for buying bank owne dhomes
0 votes
Suzanne MacD…, Agent, Succasunna, NJ
Fri Mar 25, 2011
Here in New Jersey foreclosure lists are published by the county clerk. The problem is purchasing these homes. I have never seen anyone other than a very highly experienced investor manage to purchase a foreclosed home directly from the bank. Generally, buyers have to wait until the bank hires a real estate agent to market the home and puts it on the local multiple listing service. And that can take a very long time. A better strategy may be to purchase a home at the short sale stage, before it goes back to the bank.

Kathy is correct, your best chance is to find a local pro to represent you and guide you through the process. They will know what works best in your area and, since you are the buyer, their services should be free. And free is always good, right?
0 votes
Kathy Weber, Agent, Murrieta, CA
Fri Mar 25, 2011

I would suggest clicking on the "Find a Pro" tab at the top bar of Trulia. Send a request to an agent in the area you're looking. The agent can provide all the market info. for you for "free".
0 votes
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