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Foreclosure Listings Services Now Drive Housing Market



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By : John Cutts    99 or more times read
Foreclosure listings services are now becoming a major driver of the housing market, as they are the ones providing the crucial link between foreclosure properties and buyers who do not have the time to go to county offices that file foreclosures or who do not have access to the REO properties of banks.

In addition, these foreclosure listings providers are among the ones moving the market as foreclosures have been accounting for a significant portion of the market in many areas, with certain areas even hugely dominated by distressed properties.

Providers of foreclosure listings have also become the sources of information for properties posted for public auctions. Prospective buyers and investors no longer have to travel to county courts to look at court filings; they can just visit the websites of their foreclosure listings providers and make a few clicks while they enjoy the comforts of their homes or their offices.

One of the most glaring signs of the popularity of foreclosure listings providers is the entry of conventional real estate companies into the foreclosure business. While before they only list new homes and nondistressed properties, now they have created their own listings for foreclosures or they have found partners who are specializing in foreclosures.

The specialists the foreclosure listings services are the ones that have perfected the sourcing and listing process so prospective buyers of foreclosures will only have to choose properties from among the lists. For members of these listings providers, searching and choosing a property is easy because they are provided with all the data they need to make a decision, including addresses, prices, photos, features and info on the community.

These providers have also developed efficient systems of gathering foreclosure data so that their listings of about 1 million to 2 million distressed properties are updated daily. With their researchers and contacts, they get listings from all kinds of sources or owners such as the VA, HUD, FHA, Fannie Mae, Freddie Mac and sheriff sales.

They also have listings for all kinds of distressed properties such as single-family homes, condos, home lots, land, fixer uppers and multifamily properties.

With lots of competition, most of these providers want to be the best in making the home buying experience for people looking for foreclosure homes. With just a few dollars in membership fee, prospective buyers can find their homes comfortably with the help of foreclosure listings services.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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