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Where To Look For Foreclosures

By Doc Schmyz

In a down real estate market, finding foreclosed homes is easy. To make your search easier, here is the list of the places where you can find foreclosures.

Auction Houses

Auction companies hold a inventory of properties, sometimes selling as much as 100 homes or more in just 1 day. Since the bidding is relatively quick and houses can be sold in a matter of seconds, prices of real estate can go over the board but you can find really good properties in their inventory.

Some Large Bank Websites

Most major banks maintain a list of foreclosed properties that they now own. Visit bank web sites and check out the foreclosed properties listing. More often then not this is a great method to find good solid investment property…just be warned…banks take FOREVER to move on a sale if your offering below what they feels is “Fair market value”.

Online foreclosure companies

There are a few companies online that specialize in selling foreclosed homes. A small,one-time membership fee is charged to anyone who wishes to access the list of foreclosed properties. Once you join you will normally have access to a list of property from across the nation.

Real estate agents

These agents are either maintaining personal web sites or deal directly with real estate companies that sell foreclosed properties. You can search them online. Major cities have real estate offices where you can inquire into possibility of acquiring foreclosures.

Real Estate Signs

You don’t need to look anywhere else because you can find foreclosure signs around your neighborhood.These signs contain address and contact information of the agents you can visit or call. The best thing about considering homes with real estate signs is that you can actually check the condition of the house on-site. Nothing is stoping you from walking the property to take a look to see if it is worth looking into. And with one phone call, you can arrange with the agent the date when you want to see the interior of the house.

Government Agencies

Department of the Treasury and other government agencies have a list of real estate properties for sale. Usually, when buying a house from these agencies, you are required to acquire the services of a real estate broker or personally submit an offer. Go to any of the government agencies web sites for more information. VA forclosed homes, Fannie Mae foreclosure homes, Housing Urban Development, Small Business Association just to name a few.

Doc Schmyz has invested all over the US. He owns a free website that shares Real estate investing information for all over the US. Find real estate information by state

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Article Citation
MLA Style Citation:
Schmyz, Doc "Where To Look For Foreclosures." Where To Look For Foreclosures. 10 Mar. 2009. uberarticles.com. 26 Nov 2014 <http://uberarticles.com/finance/investments/finding-foreclosures-its-easy/>.

APA Style Citation:
Schmyz, D (2009, March 10). Where To Look For Foreclosures. Retrieved November 26, 2014, from http://uberarticles.com/finance/investments/finding-foreclosures-its-easy/

Chicago Style Citation:
Schmyz, Doc "Where To Look For Foreclosures" uberarticles.com. http://uberarticles.com/finance/investments/finding-foreclosures-its-easy/


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