Upcoming Foreclosures

How to find foreclosure homes?

So, everyone has heard about foreclosure, & how they are good investments & you can find a nice home for a fraction of the price. . . But where do I start? I want to look for some in my area, but I don't know where to look. I googled it, & You have to pay for a lot of them. Does anyone know where you can get a listing for free? I heard something about HUD/FHA or something like that, but I don't really know where to go from there, or anything. So basically my point is, I really need some help as where to start when looking for a foreclosed home. if anyone knows any good sites, that would be very appreciated! :) Thank you so much in advance (: thank you, kempert (:

Public Comments

1. you are making things hard for yourself call real estate firms. ask for a buyer's agent, never accept a DUAL agent. tell her or him what you want; price and location. the seller will pay the agents' fees
2. It's a common misconception that foreclosed homes are any kind of a bargain. Most of the lower price that foreclosures command is because of either deferred maintenance by the former owner or the former owner trashed the place before leaving or the place stood vacant for an extended period of time. They can be a decent deal if you can invest "sweat equity" and do the work yourself, however if you have to bring in a professional to make repairs you may wind up paying more for a foreclosure than a currently occupied home. Any Realtor can point out foreclosed properties. Most banks turn them over to local Realtors for sale so Realtors are the best source of current information. The VA and FHA maintain separate listings of their REOs and you can locate those on their websites, though Realtors all have the same listings for the most part. VA listings are here: https://va.reotrans.com/index.cfm? and HUD listings are here: http://www.hud.gov/homes/homesforsale.cfm Don't waste your time going anywhere else. The listings that some sites try to sell are just copies of the HUD and VA listings and are often out-of-date. Ditto for commercial lists of bank-owned foreclosures.