how to find out about potential foreclosures in a neighborhood?

Asked by Farheen, Mon Apr 8, 2013

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Anna M Brocco, Agent, Williston Park, NY
Mon Apr 8, 2013
Since you mention potential, keep in mind that only the owner will know for sure if the property is headed to foreclosure.....Since most do end up being listed by a broker, consider working with an agent of your own...
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Thomas Brady, Agent, Plainview, NY
Mon Apr 8, 2013
Hi Farheen, potential foreclosures are difficult to track. With the economy the way it is many people miss a mortgage paymeny here or there. The properties you are referring to would have a Lis Pendens attached to them which usually means that the lender has started the default process. However, the majority will never be foreclosed due to various circumstances. If you are still interested in Lis Pendens homes a good place to start is PropertyShark.com, it's a subscrition service but it will give you the information you seek. If you google it you'll come up with other services also.
Thank you
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
631-682-8660
Tom@BradyFamilyRealty.com
http://www.BradyFamilyRealty.com
http://www.SuffolkFreeCMA.com
http://www.NassauFreeCMA.com
#1 Listing & Selling Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
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