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How To Find Free Lists of Foreclosures Houses
When I started in this business, I used to get tons of free
listing from the local Banks and Credit Unions.
I would simply call their REO department and ask for a free list
of the Home Foreclosures and of course they were more than happy
to provide this list on a weekly basis. Sometimes by mail, by
fax or email.
However as my business picked up and the competition became more
fierce, I had to find alternate methods of getting foreclosure
listings. So here is a partial list of methods and resources:
1- Place an ad on Craigslist.org or similar free classified
board telling people that you buy distressed property and homes
about to go into foreclosure. This will probably get you a very
few calls. But it's free and will get your name out there.
2- Contact local Real Estate companies and ask for agents who
specialize in foreclosure homes. They'll have tons of listed
properties in the MLS (Multiple Listing Service) that are either
in foreclosure or already foreclosed upon.
3- Contact HUD, VA and FNMA foreclosure departments. These
numbers are available with a little research on your favorite
search engine. Also be on the lookout in your local newspaper as
many of these government agencies will place large ads
announcing the upcoming auctions of their foreclosed homes.
(Here is the direct link to HUD. Do the same with VA and other
government agencies: http://www.hud.gov/homes/homesforsale.cfm)
4- Go online and search for "free foreclosure lists". Be aware
though as many of these are not real and they'll end up costing
you about $20 dollars a month. Many will give you a 7 day free
search period which is plenty to get you started and get
yourself a route.
5- County Recorder's Office. I can't tell you the wealth of
information available for free at your local county recorders
office. From foreclosure listings to death notices! Get to know
your local recorder personnel and they will help you find just
about any information you'll need. I used to spend one day a
week at the HUGE Los Angeles Recorders office and have enough
data to keep me busy for 2 weeks.
6- Your local newspaper or legal paper will also publish Notices
of foreclosure on a daily basis. You can simply visit your
library and for 5 to 10 cents a page, make copies of pertinent
data.
7- IRS, FBI, DEA and your local police department will also have
special department of agencies who will handle seized property
information. Many of these agencies will provide you with a free
listing of their seized property and auction dates.
Look, the bottom line is that there are more free foreclosure
lists and sources to provide you with at least 30 homes to look
at on a daily basis. The ONE thing you need to do is to take
action. Get your pen, notepad, camera and list together and hit
the road.
Many more articles at Foreclosures
Property
About the author:
Ed Allen offers information and articles for those interested in
learning about investing in Under-Market Real Estate, Seized
Property and Foreclosures
Houses
Written by: Ed Allen
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