How do i search for foreclosures for free? these sites suck?

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  • Kard63
    Confirmed User
    • Nov 2003
    • 8944
    #1

    How do i search for foreclosures for free? these sites suck?

    Anyone know a site that lists foreclosed houses and actually has a picture for free?
    Tags: None
    • Scootermuze
      Confirmed User
      • Dec 2001
      • 4513
      #2
      I've contacted mortgage companies before and they've given me their sites to go to for their respective lists..

      I stay away from the money sites... Too many outdated listings...

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        • woj
          <&(©¿©)&>
          • Jul 2002
          • 47880
          #3
          bump, wouldn't mind finding site like that myself
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            • latinasojourn
              Confirmed User
              • Oct 2003
              • 3191
              #4
              if you are seriously interested in foreclosure properties you should not use "free" listing services, it is too late.

              you need to join a subscription service in your geographic area of interest that lists the initial "notices of default" from lender to owner.

              then you contact the property owner BEFORE the property is actually foreclosed and make a favorable deal either by assumption or wraparound, or cash if mortgage balance is small (it usually is not small in proportion to total value).

              once the lender takes back a property it is usually just relisted with a local realtor and put back on the market at retail price.

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                • Kard63
                  Confirmed User
                  • Nov 2003
                  • 8944
                  #5
                  Originally posted by latinasojourn
                  if you are seriously interested in foreclosure properties you should not use "free" listing services, it is too late.

                  you need to join a subscription service in your geographic area of interest that lists the initial "notices of default" from lender to owner.

                  then you contact the property owner BEFORE the property is actually foreclosed and make a favorable deal either by assumption or wraparound, or cash if mortgage balance is small (it usually is not small in proportion to total value).

                  once the lender takes back a property it is usually just relisted with a local realtor and put back on the market at retail price.

                  I'm just trying to et an idea of how good the deals get. Got a link?

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                    • woj
                      <&(©¿©)&>
                      • Jul 2002
                      • 47880
                      #6
                      bump for more info...
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