Really good repossessed home listings can cut the work in half and leave buyers more free time to devote to other important things. But just where can one find such lists? Here are some methods to find a repossessed home listing.
Foreclosure Web Services
Multitudes of web sites deal in repossessed home listings. These sites can be accessed by subscription at a very minimal cost. When looking for a site to subscribe to, shop around first and compare site features. What you want to find is a site that meets your own requirements. Some of the really good sites offer their site for a limited time trial run and buyers should take advantage of this.
Foreclosure notices are publicly announced and posted on country courthouses. A record of these filings is kept by the County Clerk and is accessible to everyone. The records contain vital information on the homes scheduled for foreclosure, including the value of the home and all the encumbrances attached to the title should there be any.
Banks, Lending Companies and Mortgage Providers
Companies in the business of providing home loans would usually have an inventory of foreclosed homes and they will be quite willing to share their list with potential buyers. Your own bank can keep you informed on the homes that are about to enter the foreclosure market. These companies typically have online services as well.
Your newspaper will have a list of foreclosures usually at the classified ads section. There are times though that the information provided in newspapers may be inaccurate or incomplete.
Real Estate Companies, Brokers and Agents
People and firms operating in the real estate industry have access to repossessed home listings. They also have inside information on these properties. It is important though to be completely involved and not leave everything to an agent.