| Bank properties are available in two distinctly different | | | | may discover a rich source of private information is |
| categories. First, pre-foreclosure properties are those | | | | also available. The most trusted lists frequently provide |
| pending public auction or public sale. Second, | | | | estimates of market value, estimated total liens, loan |
| post-foreclosure sale properties are those that appear | | | | specifications, photographs, and private comments. |
| on a bank's balance sheet if the bank was the highest | | | | The cost of access to the best lists is |
| bidder. The best lists include both types of bank | | | | uncharacteristically affordable. Top quality is available |
| property. | | | | for low cost because of the economy of scale. Large |
| When comparing the quality of foreclosure listings, you | | | | firms spread research cost thinly over an expansive |
| should notice numerous differences. Each individual | | | | customer base. As a result, the best lists cost as little |
| property listed should include disclosures provided in | | | | as $50 on a monthly basis for unlimited individual |
| the notice of sale. Expect, at a minimum, a description | | | | access, and are frequently available for as little as $30 |
| of the property, the name of the lender that initiated | | | | per month. Free trial offers reduce this cost further, by |
| the sale, and the location of the sale. This information | | | | allowing full access to all features for up to a week. |
| alone does not indicate if the property is worth your | | | | During the first week, you may cancel anytime without |
| attention. The best lists always include detailed | | | | risk or payment. |
| research data to supplement basic disclosures. | | | | Buying property at an auction is exhilarating. As bidding |
| The most useful supplemental data enables you to | | | | warms up, people tend to become privately excited. If |
| qualify properties without wasting time tracking down | | | | you are buying for the first time, the key is to know |
| tax information, general litigation, title lawsuits, additional | | | | down to the last penny how much you may safely bid. |
| liens, or other vital factors that affect actual value. You | | | | A great foreclosure listing makes this decision easy. |