how can i see the foreclosures?

Asked by Michele, 10312 Tue Sep 28, 2010

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6
Team Forss,…, Agent, Temecula, CA
Tue Sep 28, 2010
We're in CA and using something called foreclosureradar.com but apparently they're not in your zip code yet. I would contact 2-3 REO agents in your area to assist you. You can buy foreclosures at the trust deed sale, or once they have been listed as REO (bank owned) homes by the REO agents. You can also buy short sales which are listed on the local MLS. Lots of options.
1 vote
Anna M Brocco, Agent, Williston Park, NY
Tue Sep 28, 2010
Not sure what foreclosures you are referring to, however, if looking at a RealtyTrac ad, do keep in mind that RealtyTrac's information may not always be accurate and oftentimes misleading--you could be looking at a lis pendens property--notice of default--or some other fee--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. 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.
1 vote
Joseph Runfo…, Agent, Staten Island, NY
Thu Sep 30, 2010
There are many sources including, but not limited to: propertyshark.com., Homepath.com, RealtyTrac.com, http://www.foreclosure.com, hud.gov/foreclosure, http://www.foreclosuredeals.com, http://www.foreclosurefreesearch.com, http://www.all-foreclosure.com, nyforeclosures.com
Web Reference:  http://www.clovelake.com
0 votes
Real Estate…, Agent, STATEN ISLAND, NY
Tue Sep 28, 2010
Hi Michele,

All of the answers provided good information and you shoild concider all of them. If you want to see all foreclosure Bank oned homes that are currently listed on the multiple listing service you can click on the link I provided for you bellow.
If you have a ny questions or in need of assistance please dont hesitate to contact me, I will be more then happy to help.
0 votes
Arlene Trunzo…, Agent, Staten Island, NY
Tue Sep 28, 2010
Hi Michele,

Foreclosed properties can be found on propertyshark.com. Homepath.com can also be a helpful site, in the past I have seen closing cost savings incentives for buyers in regard to certain properties posted on the Homepath site. Foreclosed properties are also posted in the MLS and various other sites. If you are currently working with a Real Estate agent he or she can send you foreclosure listings. When purchasing foreclosed properties keep in mind that your closing cost may be higher due to the fact that the seller usually requires that the purchaser pay the city and state taxes which are doc. stamps & transfer tax fees.

Some foreclosure property sellers require that the purchaser obtain a rehab loan. Other properties in poor condition may need to have a all cash transaction due to the condition on the property.

I hope you found this information helpful. Have a nice day.
0 votes
Linda S. Cef…, Agent, Franklin, WI
Tue Sep 28, 2010
Michele,

I agree with Anna. Very often I have potential buyers ask me to put them on "the foreclosure" list. In fact, in Wisconsin we have many homes on the market that are just as great a deal, if not better, than the foreclosures. So don't limit yourself to them.

Find a good agent don't be afraid to go under contract. If you commit to them, they will commit to you. (Make sure you interview at least three or more before making your decision.) Then ask them to send you everything available in your price range, area, and any other criteria that you require, such as minimum number of bedrooms and baths etc.

You might be surprised at what is available out there.

Linda
Web Reference:  http://www.lindacefalu.com
0 votes
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