| Buying and reselling foreclosures is one of the best | | | | will give you a free seven day trial period, giving you |
| ways to use the current recession to your economic | | | | enough time to peruse the offerings. |
| advantage. | | | | You may be interested only in companies that offer |
| When searching for HUD foreclosures, you must | | | | listings in your area. You will find quite a few of the |
| understand that the Department of Housing and Urban | | | | companies will send you a tailored list to suit your |
| Development merely handles the disposal of FHA and | | | | needs. Many of these companies have up to a million |
| VA backed home repossessions. They do not want | | | | listings, some provide pictures along with addresses |
| to keep a large inventory of these homes, and try to | | | | and mortgage balance. You will also find companies |
| dispose of them quickly, often taking much less than | | | | that update their lists daily, which will be very valuable in |
| the mortgage due on them. | | | | saving your time not investigating a property already |
| You can get a free list of these homes by calling your | | | | sold. |
| local HUD office, or by contacting a realtor and asking | | | | By the time your free trial period is up, you should have |
| for a HUD foreclosure list. These will be free to you, | | | | some idea if the company that sold you the list serves |
| but the list may be somewhat outdated by the time | | | | your needs. If it does, go ahead and become a |
| you receive it, as these listings sell rapidly. | | | | member for a nominal fee. Your membership can be |
| The quickest and most efficient way to get these | | | | cancelled at any time, but remember, if the list helps |
| listings is to go to the web and search for HUD | | | | you buy only one property for resale, the profit from |
| foreclosure listings. You will find several hundred sites | | | | this makes the membership fee paid only a drop in the |
| that offer to sell these lists to you. Many of these sites | | | | bucket. |