| Foreclosure listings are a listing of properties that are in | | | | 2. Court Auctions |
| foreclosure due to non payment of the mortgage on | | | | 3. Pre-Foreclosures |
| the property. These properties are for sale at | | | | 4. Homeowners in Bankruptcy |
| discounted prices because the bank, or government | | | | 5. VA Homes |
| agency that has taken possession of the property, is | | | | 6. Hud Homes |
| attempting to recoup the amount still owed on the | | | | 7. For Sale by Owner Homes |
| property. | | | | 8. Government Homes |
| There are two websites that offer free foreclosure | | | | Most of these homes start at $10,000. There are |
| listings, which are - and The Free Foreclosure | | | | many homes that qualify for low or no down payment. |
| Database. Both of these sites include bank and | | | | No matter what type of home you are looking for, |
| government foreclosure listings. Other sites ask for a | | | | whether your first home or an investment property, |
| fee before you can access any foreclosure | | | | you will find them in the foreclosure listings. These |
| information. Some of these sites will allow you to try | | | | listings have properties available nationwide. |
| their services free for a period of time and ask you | | | | The prices for properties on the foreclosure listings are |
| for a fee when the time is up or you will not have | | | | going to be much lower than you would pay if you |
| access to the lists. | | | | were to buy the same property through a real estate |
| When you have access to a foreclosure listing site, | | | | agent. The foreclosure sites will have information on |
| you will gain: | | | | everything from answering simple questions to |
| - A complete address for the location of the property. | | | | obtaining financing. These sites sell hundreds of |
| - Phone numbers to reach the institutions that are | | | | thousands of homes, most of them are 20% to 50% |
| offering the foreclosed property for sale. | | | | below market value. You may also be able to obtain |
| - The asking price of the foreclosure listings. | | | | sale comparison reports on the neighborhood the |
| The listings are usually broken down into eight | | | | house is located in, and some of the foreclosure listing |
| categories: | | | | sites offer a tutorial on how to purchase real estate |
| 1. Bank Foreclosure | | | | inexpensively. |