How can i find foreclosures in my area

Search for pre-foreclosures, foreclosure auctions, and bank-owned properties REOs. Pre-foreclosure information is free after you register with a free account. Be aware that a home listed under the pre-foreclosure category is a home that is not necessarily for sale.

But, since the homeowner is in default on his loan, he may welcome an opportunity to find a qualified buyer who can help him avoid possible foreclosure.

Also, the home could be scheduled for foreclosure auction under this category. We offer listings for each stage of foreclosure: pre-foreclosure, foreclosure auctions and bank-owned listings. Any applicable listings for foreclosure auctions will come up in the search results.

Tax Resources. Real Estate Resources. Comprehensive real estate investing service including CRE. Learn more. Already a member? Sign in here. Access to timely real estate stock ideas and Top Ten recommendations. Learn More. On the hunt for a foreclosure?

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide. Foreclosures can be a great option for real estate investors. Are you considering buying a foreclosure for your next investment property? Government agencies regularly foreclose on properties for unpaid tax debts, mortgages in default, and even as part of criminal investigations, among other reasons.

Similarly, individual banks and mortgage lenders foreclose on properties, too. A bank-owned foreclosure is often called an REO property or real-estate owned listing, though each of these phrases mean the same thing.

Many of these sites also offer auction listings, short sales, and other distressed property listings as well. You will probably find a ton of foreclosures at your fingertips.

Driving through neighborhoods where you want to buy is another great way to find foreclosures. The signs might indicate foreclosure, bank-owned, or bank reposession. Call the agent whose name is on the sign, and inquire about other foreclosure listings that may be coming on the market. Agents who specialize in foreclosures sometimes wait weeks while bank management approves the list price, so you can get a jump on other buyers by asking about new foreclosures that are not yet listed.

If you are working with a buyer's agent, you can ask them to obtain this information for you. Many banks maintain online lists of foreclosed properties, but not every bank will sell to individual buyers. One of the more common practices among large lenders to dispose of REOs is to bundle them into a package and sell it at a discount to investors.

National lenders that maintain websites listing bank-owned properties include Bank of America , CitiBank , and Wells Fargo. Some government agencies require you to retain the services of a real estate broker to make an offer to purchase. Others will let you submit offers on your own. Private-sector sources also are available to find foreclosure homes:.

Some lenders hire asset management companies to handle foreclosures on their behalf. Wells Fargo uses Premiere Asset Services. Keystone Asset Management is a national agency that deals with defaults. Auction companies hold huge auctions, sometimes selling as many as homes or more in a single day. While many experts agree that auction companies often get higher prices due to the auction frenzy created among bidders, sometimes you can find a gem in their inventories.

Popular auction houses include Auction. See Mobile Apps. Menu subnav-close Search subnav-close. Foreclosure Center. Buying a Foreclosure. Below are eight ways to find foreclosure listings: 1. Foreclosure real estate agent Find a real estate agent who specializes in foreclosed properties. Check Zillow Of course, you can also find pre-foreclosures and bank-owned properties for free through Zillow.

Newspaper A requirement for filing a foreclosure is that the Notice of Sale be published in the local newspaper of record. Bank websites Some banks — especially larger ones — list inventory of foreclosed properties on their websites. Government agencies Some government agencies require that offers be submitted through a real estate agent, while others will accept them directly from consumers.