| Foreclosed real estate presents an excellent | | | | situation for the homeowner who got in over their |
| opportunity for prospective home owners on a budget | | | | head with a home they could not afford; however, on |
| to buy the home of their dreams. With the number of | | | | the flip side these homes sell for 80-50% of their |
| available homes on the market reaching record highs, it | | | | actual market value, presenting an amazing opportunity |
| is almost certain there are current properties in your | | | | for you. |
| area. The information below will help educate those | | | | Browse Foreclosure Listings for FREE! |
| new to foreclosures, as well as give tips on finding | | | | The vast majority of foreclosed homes are listed on |
| up-to-date listings of foreclosure homes in their area. | | | | online foreclosure listings. The only problem with this is |
| Getting Started - Foreclosure Basics | | | | that most major listing services charge a monthly |
| The foreclosure process begins when a homeowner | | | | membership fee to view their listings, discouraging |
| is no longer able to keep up with their monthly | | | | many of those new to foreclosure investing. This |
| mortgage payments and, therefore, defaults on their | | | | problem is easily avoided through the use of free trial |
| loan. When this happens the bank which gave the | | | | memberships. All of the major websites offer free |
| mortgage to the homeowner takes possession of the | | | | 7-day trial memberships, allowing you full access to |
| property, and attempts to sell the home to regain the | | | | see what is available in your area without paying for a |
| remaining loan amount. This is no doubt a horrible | | | | membership. |