Some people love getting deals. What am I talking about....ALL people love getting deals. When it comes to purchasing real property, foreclosed homes usually come with a discounted price tag. So, how exactly do you find a foreclosed home? Well, there are many resources that will provide you with foreclosure listings faster than you can say "where do I sign?" Here are those resources.

Real Estate Agents

There really is no better resource when it comes to finding Foreclosures (REO’s, Bank-Owned, Repo’s) than to contact a local Real Estate Agent. Many agents specialize in REO’s, and have connections with asset managers and can give you information on homes that are yet to come on the market. Plus, ALL agents have access to the local Multiple Listing Service (MLS), so, all they have to do is search by “foreclosure” and they will be able to pull up all current REO’s. Short-Sales and Estate-Owned homes are also searchable through the MLS as well. So, basically, all buyer’s agents can help you out in this department. (Don’t forget that they Buyer’s Agent’s commission is paid by the seller. Therefore, Buyer’s Agents usually provide a FREE service to their clients.) 

Click Here to Request a FREE list of foreclosures from my favorite agent. Me. :)

Home Searching Websites

Oh, Zillow, you have done it again. Now, websites, such as Zillow, Trulia, Realtor.com, etc., allow you to search for foreclosures. They even have resources to help you understand the foreclosure process. Zillow Foreclosures 

Bank Websites

Big banks provide foreclosed property lists online. It’s difficult to purchase a REO directly from a bank, because they tend to sell them in bulk to big time investors. But, it couldn’t hurt to look. Here are a few national lenders who maintain websites of bank-owned properties: Bank of America, Chase, Wells Fargo

Asset Management Companies

Some lenders hire an asset management company to handle foreclosures on the lender's behalf. These companies are often the best source to find REO’s due to the fact that they are the first point of contact. They will know what will be coming to the market before most. Here is a list of the topasset management companies that provide listings on their website.

Altisource 

Executive Asset Management – Tazahomes.com (Southeast Only)

Keystone Asset Management –National REO listings.

Precision Asset Management – National REO listings.

TREO – Nationwide REO listings.

TriMont Real Estate Advisors – National commercial REOs.

Government Agencies

There are government-owned homes that offer the public a chance to bid on their properties. Some, HUD for example, will require you to find an approved broker/agent to place a bid for you.

1.  
2. HUD — U.S. Department of Housing and Urban Development's foreclosure homes 
3. FDIC 
4. Fannie Mae — Foreclosure homes through Department of the Treasury —
5. Homes seized by the Internal Revenue Service 
6. CalVet – CA VA Foreclosures 

8. Auction companies

9. There are quite a few of companies that just perform auctions. If you have some cash and some time, this option may be right for you. In the meantime, thier websites are pretty informative and provide new listings!

10. Hudson & Marshall - Website

11. United Country Auction Services

    Williams and Williams - Website

    Bid4Assets - Website

     

    2. Courthouse Auctions

    If you have wads of cash and like to play it a little risky, you can always try your hand at bidding for a REO on the courthouse steps. The upside to this is that you could get a great deal on a home, or you could end up buying a lemon with lien after lien on the property. It’s all a gamble. You can find these auctions in the local newspaper or on your county’s government website.

     

    1. As you can see, if you want to find a foreclosure listing today, it's not too difficult. With a little research and patience, you'll be on your way to scoring a deal in no time!

     

    3. Emily Benner

    4. Real Estate Expert

    5. First United Realty

    6. 470-225-9097

    7. This email address is being protected from spambots. You need JavaScript enabled to view it.

12.