How to Search and Look at Foreclosed Property Listings for Free and with no E-mail Registration

Don't purchase forclosure lists from companies

There are allot of companies that charge a fee to look at their "exclusive list" of foreclosed properties. This article will pave the way for free listings on the web and local banks that have properties listed for sale. No credit cards numbers are needed. These web-sites don't even require a password set-up or users to even provide e-mail address.

Things You'll Need

• Internet Connection
• Phone
• Time

Instructions

1. 

   When going to these web-sites remember that you may need to have a licensed realtor to bid on houses. If you are serious about purchasing these house, getting your realtor licence for many states is easy to do. This may save you about 3 to 6 percent of the purchase price. Once you have your realtor licence you can purchase all nessary forms at Office Max or Kinko's for less than 12.00 dollars.

2. All of these web-sites allow searches by state, county, zip code and price. Condos are listed, Duplexes, Town homes, and Single Family type homes.

3. 

   Some web-sites only allow the user to view 100 listings. Adjust your search criteria to make smaller lists. I found that adjusting price works best for this.
   For Example: If I see over 100 properties listed in Minnesota I go back to the search page and put in a price range from 0.00 dollars to 75'000 dollars. After going over those listings go back to the search screen and adjust the price range from 75,000 dollars to 180,000. This works best to stay organized in your search.

4. 

   Call your local bank or Credit Union. Smaller banks will give you their list of homes that are owned by the bank. Ask for the Bank Manager or the Vice President of that specific branch. Let them know that you are a serous buyer.
   When chatting with the contact at the bank ask when you can check back for an updated list.
   They will even be able to help you get a mortgage on that new property of yours.

Tips & Warnings

• Check back frequently, homes are added almost every day.

• Foreclosed homes are owned by the government and are public information. Don't purchase a list.

• Shortsale or Bank owned homes are homes owned by a specific lender.

• Some Shortsale homes are owned by individual people who are selling the home for less than they purchased it for.

• If going through a realtor, on a Shortsale or Bank owned and you have the opportunity to get the property inspected. Do not get the inspector contact from the realtor. Ask friends, family, or get an inspector from the phonebook. Set up the appointment yourself and keep the contact information to yourself.

Resources

• Rural Homes, Land and Businesses For Sale
• Blank Contract to Purchase Rural Property
• HUD Homes - Countrywide
• Foreclosed Homes For Sale
• IRS Page For All Kinds of Property
• Fannie Mae Homes For Sale