How to find home foreclosures?

[Miramonti]

How does a prospective home buyer find out about home foreclosures in the area that are up for sale?

Mortgage defaults reach an alltime high

 

[Jhill]

If you are going through a realtor, they can probably find one. I know www.homes.com has a forclosure section.

 

[Capt Caveman]

There are a number of websites. I'll post a few when I get home.

 

[RKS]

Check your local Sheriff's site since they are sold via Sheriff's Sales.

example from Cincinnati


edit: another ohio county

 

[Gibson486]

what about car auctions? I have always wondered where one gets cars that dealers can't or wont sell. What about cars that have been repoed?

 

[Miramonti]

Originally posted by: Jhill
If you are going through a realtor, they can probably find one. I know www.homes.com has a forclosure section.

So far no broker yet. Homes.com has 1 in the zip...hopefully there's more people than that around here that aren't paying their bills.

Originally posted by: Capt Caveman
There are a number of websites. I'll post a few when I get home.

No remote desktop/realvnc??

Originally posted by: RKS
Check your local Sheriff's site since they are sold via Sheriff's Sales.

example from Cincinnati

Interesting, I never would have guessed.

 

[Fern]

Originally posted by: jjsole
How does a prospective home buyer find out about home foreclosures in the area that are up for sale?

Mortgage defaults reach an alltime high

In my area foreclosures are required to be advertised in the local newspaper, and they are posted up on a wall at the county courthouse.

Just check the proceedures in your area. The banks WANT you to be aware, they wanna sell 'em off as fast as possible.

Fern

 

[rasczak]

drive around the neighorhoods that you would like to live in. you're gonna see a foreclosure sign at least once.

 

[AlienCraft]

Originally posted by: rasczak
drive around the neighorhoods that you would like to live in. you're gonna see a foreclosure sign at least once.

QFT.
Also, County recorder will have a listing of homes in default.

 

[MedicBob]

Check carefully though, there are times that you absorb the total cost of the default. I looked at several around where I am they all had additional costs on top of what you bid at.

 

[Utterman]

Find your local HUD at hud.gov

 

[Vic]

Originally posted by: Utterman
Find your local HUD at hud.gov

http://www.hud.gov/homes/index.cfm

 

[wyvrn]

Best place are realtors because they have access to MLS. Some realtors will allow you to do basic searches of MLS off of their website, but usually the search tools are pretty cumbersome.

HUD and VA have auctions on foreclosures. Check their web sites.

Call banks and ask them. Go to bankofamerica.com, go into their real estate section, and enter your zip code. They will give you a list of all of their bank owned properties in that area. They also have tools to find solds in your area to help you determine a decent market price (which will tell you how much of a discount you are getting).

Subscribe to a foreclosure listing service. All foreclosures are on county records, and for about $75 you can get a list that somebody has compiled of all the REOs in the area.

 

[drnickriviera]

One of the better sites
http://www.emailforeclosures.com/

 

[Capt Caveman]

Here's another site - http://www.hudexchange.com/

 

[AlienCraft]

Went to KTVU.com
Followed a link on the front page to 56,241 listings of foreclosure properties.

First one was a condo in Tracy for 129K.

 

[Miramonti]

Some great tips and sites here, thanks.

Originally posted by: AlienCraft
Went to KTVU.com
Followed a link on the front page to 56,241 listings of foreclosure properties.

First one was a condo in Tracy for 129K.

Holy crap there are a lot of foreclosures in the bay area. :Q