Thread: Forclosures homes sales?

How do you find out about foreclosed houses for sale? How does it work?

Most foreclosures must be publicized. In most states they in newspapers, legal newspapers, pinned up at courthouse or county offices. Often the County Sheriff's office has the records.

A licensed real estate agent has access to all foreclosures on the market in their area...the court house is a good reference point too....but really be patient b/c foreclosures are time consuming and responses are not in a timely manner at all!

A licensed real estate agent has access to all foreclosures on the market in their area...the court house is a good reference point too....but really be patient b/c foreclosures are time consuming and responses are not in a timely manner at all!

You can find a list of foreclosures in your area right here in Yahoo. Just go to the Real Estate section and click on foreclosures.

The vast majority of foreclosures are listed through the normal channels (realtors). A good realtor can bring you up to speed real quck on what you need to know, the process, financing, etc. They get commissions for selling a foreclosure too so they're usually quite agreeable to giving you a free education along the way.

Just be aware that some foreclosure sales, like short sales, are more work for realtors and with a chance that, after all their work, the deal won't go through. Consequently, some realtors will discourage these types of sales, not because they're not good for you but because they're not so good for the realtor.