Where can I find foreclosures? |
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Answer:
If you’ve decided to purchase a foreclosure,
Finding a foreclosure is relatively easy too. Start with the local newspaper of the area in which you want to purchase the foreclosure. If you don’t live in that area, have the paper delivered to your home. The law requires foreclosures to be listed publicly for a specified number of times within a specified time. For example, Massachusetts requires that foreclosures be listed once a week for three consecutive weeks in the local newspaper. Therefore, even if you get the newspaper delivered a day or two late, it won’t actually make a difference in your search.
Once you have the newspaper, look under either of the titles: “Trustee Sales” or “Notices of Public Sale.” All of the relevant information, including contact information, should be included. Additionally, real estate agencies carry a list of the available foreclosures in their area. Certain attorneys specialize in foreclosure sales. They can also be contacted for information regarding current foreclosure properties. A number of websites provide foreclosure listings. Most of them list the foreclosures according to some predetermined rule such as listings by county, towns, and cities. Some of the sites are free and for others, you need to pay a fee. One of the better free foreclosure sites are http://ushomeauction.com/ . This foreclosure website offers free listings however, the markets they offer are limited. You can expect to find listings in California, Florida and several other States. Access the following link: http://www.resales.usda.gov/ to search government owned properties that are for sale. Although this will include government owned real estate, it also lists current foreclosures. This initial link takes you to the main page where you will then select from among the choices: single family housing, multi-family housing, business and cooperative programs, and farm service agencies. Once you select the type of property you are looking to purchase, you are given a map to select the state in which you wish to look. Next, you search that particular state by county. This website does not charge a fee. Additionally, another free website to search is USA.gov . This takes you to a section where you can select the type of property you are looking to purchase including homes, arms, ranches, and commercial buildings. Not all of the properties listed are foreclosures. This next website, Foreclosure.com , offers a seven day free trial. However, you must provide your credit card and agree to pay for a continuing membership if you fail to cancel your subscription to the service. Therefore, this is only a good website for someone who is thinking of locating foreclosures as a long-term process and that is seeking a service with a significant amount of tools and resources. Another website, ForeclosureFreeSearch.com , is also a membership website that requires a paid subscription. They have a free search with limited information so the paid membership, will get the viewer access to more details regarding the foreclosure.
In all honesty, I would try to access information on foreclosures through the USA.gov or the United States Department of Agriculture website first, both of which are listed above. If these sites aren't offering the bells-and-whistles you want try the subscription based services. They both offer a 7 day trial so try it out if you're serious about foreclosures.
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