| "How to get foreclosure listings?" - the question | | | | - Contact agencies such as HUD and FDIC. They will |
| everyone seems to be asking! There are all sorts of | | | | always have some foreclosed properties for disposal. |
| reasons why you may be asking it. You may be a | | | | Look on their web sites as the properties may well be |
| first-time buyer with not much money to spend on a | | | | listed there. |
| home. You may be a new investor wanting to find | | | | - Get in touch with your county clerk or sheriff's |
| properties to sell for profit. Or you may have heard | | | | department. They will be able to provide foreclosure |
| about people doing well with "flipping", and feel you | | | | listings in your county. If you visit your county's office |
| want some of the action. Whatever your reason, | | | | you can search for a NOD (Notice of Default), lis |
| you're right in thinking there's an opportunity there. | | | | pendens or Notice of Sale. This is very hard work, but |
| Amazingly, currently one in every 22 houses in the | | | | it's free! It's also the best way to get in first as you |
| USA is in foreclosure! This means, every time you | | | | have the chance of finding newly posted properties |
| drive down a street, one or more of the houses you | | | | before they are published elsewhere. |
| pass in that street will be at some stage of | | | | - Look at newspapers. In many cities and counties |
| foreclosure. But which ones? The only way to find out | | | | there are local legal and private subscription |
| where these properties are is to understand how to | | | | newspaper lists of foreclosures. Also, part of the |
| get foreclosure listings. You need to get your hands on | | | | requirement for filing a foreclosure is that the notice |
| them as early as possible if you want to beat the | | | | should be published in local newspapers and business |
| competition. | | | | journals. |
| Here are some reliable ideas on how to get | | | | - Contact the banks - many of the large regional and |
| foreclosure listings: | | | | national banks make listings of their foreclosed |
| - Contact asset management companies and ask | | | | properties available. |
| them to provide you with information on their | | | | - Try listing services online. The best thing about these |
| foreclosure properties. These are companies that help | | | | is that they are totally comprehensive. The drawback |
| banks and other lenders dispose of assets, including | | | | is that they are not free! However this way you can |
| foreclosed homes that they have repossessed. | | | | find properties in any state you want, not just your |
| - Attend foreclosure auctions and take note of | | | | local area, and in some the listings include images, size |
| properties that fail to sell, noting down their addresses. | | | | measurements, information about the neighborhood, |
| (It's really not a good idea to bid for houses at the | | | | schools, etc. |
| auctions - there's far too much competition.) Once you | | | | These are suggestions about how to get foreclosure |
| have the addresses, keep a watch on the property | | | | listings, whether nationally or in your local area. The |
| until a For Sale notice appears. Then contact the | | | | more of these methods you can try, the better. The |
| realtor. Foreclosed properties tend to be sold by | | | | sooner you can find information on foreclosed |
| specialist realtors so it is likely that the realtor will have | | | | properties, the more chance you have of making a |
| other foreclosed properties to sell. | | | | good buy or turning a profit. |