You might want to start with a lender and see where you stand on finanincing a foreclosure. From there you can shop for thre right foreclosure deal. I wouldn't bank on rent to own yielding any results. The transaction is really tricky and can get both the seller and buyer in bad situations. If you still want to pursue it you need to track down a real estate attorney to walk you through the process. Don't be fooled into thinking you have a rent to own if there is not an attorney involved.... more
If you are looking for a website that offers up to date foreclosure listings, I would like to recommend www.bankforeclosuresale.com. This is a site that requires membership but you can peruse through the listings in your market area first before signing up.
Our database contains over two million foreclosure homes, including bank foreclosures, government foreclosures like VA homes and HUD homes, distressed properties and commercial properties that are for sale all across the nation. All of the listings have had any outstanding liens eliminated and the title is free and clear. We also update our extensive collection of listings every day.
I did a quick check for homes in your area and I found 20 active foreclosure listings. Here is the link to check it out: http://www.bankforeclosuressale.com/list/tx/county451/san-angelo.html... more
The most important consideration is to identify the location(s) and characteristics that will support your lifestyle. Then, determine if your expectations can be accomplished wihtin your price range, or do you need to modify either the location or tweak your wants and needs list. For some, moving a bit further away to a nearby community is their first choice in order to find all they want in a home. For others, being in a particular location carries more weight and they will live with an older kitchen or smaller home.
Once you establish a realistic set of expectations, find the best buyers agent you can that knows your chosen area.... more