Foreclosure Listing Services
Foreclosure Listing Services online
There are hundreds of foreclosure listing services around the Internet. Here are some of the best foreclosure listing services we found. Those with asterisks require a subscription. See all the foreclosure listing services.- Foreclosure Listing Service, Inc. * - Listings for Texas residential & commercial foreclosures.
- Foreclosure Listings.com * - Recent foreclosure and bank owned properties listing service.
- Foreclosure.com * - "the largest & most up-to-date bargain home buying opportunity online."
- ForeclosureFreeSearch.com * - Nationwide database of REO property listings. Updated daily.
- ForeclosureNet * - Bank foreclosures & government property listings, books, resources, articles.
- Foreclosures Online * - Bank and government owned properties and pre-foreclosure sources.
- Foreclosures USA - Provides tips on purchasing properties as well as current listings.
See also: Foreclosure forms
Featured Article
Buying Foreclosure Homes - You Win by Offering the Homeowner Options
In teaching workshops on how to buy foreclosure homes (often listed on a foreclosure auctions report), I often write on the markerboard in big bold letters, "Gain They're Trust to Close More Deals".The principle of gaining the trust of the homeowner threatened with foreclosure is a deal-maker. If they trust you, they are more likely to accept your offer. Besides that, if you have earned their trust by explaining their options to them, then if they choose to let the home go to auction where it will likely end up on a foreclosure auctions report (and you win it) they are much more likely to vacate the property without a fight.
1. Work with their Current Lender
Forbearance: An agreement between the lender and the borrower that reinstates the delinquent loan because the homeowner will put up an initial lump sum of the total delinquency and pay the rest over a period of time.
Loan Modification: A change in any of the terms of the original note. This includes decreasing the interest rate, re-amortizing the remaining balance, extending the term of the note.
2. Work with a New Lender
Refinance: Where a new lender loan the borrower monies to pay off existing debt. This option is generally open to borrowers that face a temporary setback in their financial situation and can prove that they can afford the new mortgage payment. Most financial institutions will not loan to people unless they have the above mentioned criteria and at least 20% equity in the residence.
Read the rest of Buying Foreclosure Homes by George Roddy, Jr.
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