How to buy a foreclosure homes?

bullabulla · #1 (**permalink**) 03-27-2008, 09:13 AM

what's the process to buy such places?

Realtor dot com doesn't have them listed and plenty of websites on google - but one need to pay 7$ per month for access

jimmyengland · #2 (**permalink**) 03-27-2008, 09:29 AM

ive been trying to figue this out too for a while. realtytrac.com has some on it but you cannot see all the pics and i think you have to sign up or pay or something to see the contact details etc.... Hopefully someone has the answer to this good post

sounderella · #3 (**permalink**) 03-27-2008, 02:17 PM

I'm just an office coordinator for a real estate firm but here in Georgia, Foreclosures are posted in the paper on the 2nd Tuesday of every month...that is usually the same time a broker will get their new inventory of foreclosures. You may want to check with your local paper to see if that's the case. Also, find out what your local MLS (multiple listing service) website address is.....you can call a realtor and ask for this. This is the directory of all listings for sale in your area. Any house that states "sold as is, no disclosure" in it's remarks is a foreclosure. Also, you can real estate companies in your area and ask what type of foreclosures they have in their inventory. Hope that helps!

Broken Arrow · #4 (**permalink**) 03-27-2008, 06:21 PM

What about HUD?

Joan.of.the.Arch · #5 (**permalink**) 03-27-2008, 06:30 PM

The earliest public word of a house going toward foreclosure may be a listing in whichever publication in your town/county tends to list legal notices. In my area, those appear mostly in a tabloid size newspaper geared to lawyers. It is not a paper that I normally look at, but is available in the public library. I have not seen such notices in the larger newspaper where I think they appeared years ago.

maat55 · #6 (**permalink**) 03-27-2008, 06:36 PM

Google home forclosures, you will probably get some forclosure agencies and get to see some listings, but you may have to join to get the meat and potatoes of the imfo you want.

leighangela · #7 (**permalink**) 03-29-2008, 09:45 PM

You can also just ask your local realtors what REO homes they are showing. I always manage to find lots of bank-owned homes and I've never joined any web service to do so.

Or, your paper will anounce auctions that you can go to. Bear in mind those homes are sold as-is and you usually can't even tour them, so you might not know how much repairs they will need.