non-commercial websites of foreclosure listings?
Jun.08, 2010 in
Foreclosure Lists
Hello — I live in DC and am looking for a foreclosed property as the only way of being able to afford a home here. However, every website I go to seems to be a commercial venture: once the site is entered and a property found, registration and / or payment is usually required. Bank owners of foreclosed properties will be keen to sell these without barriers to viewing, so these register sites are obviously just skims and scams — how do I find a place that lists such properties for sale?

June 8th, 2010 at 9:50 pm
Mortgage lenders list foreclosed homes with local realtors. That is where you go to see what is available. If you think foreclosed homes sell cheaply you are in for a surprise. The price is market value.
June 8th, 2010 at 10:04 pm
They are all on the MLS. realtor.com is your best bet for finding them.
A local real estate agent can help you as well. They are going to sell for close to FMV though, there is no reason for them to sell for less.
June 8th, 2010 at 10:41 pm
Did you know that all foreclosed properties are handled by Realtors? Lenders don’t have the time to deal with the general public. And most website have inaccurate or dated information or not all the information in one place. I think you would be wise to choose a Realtor.