How to Find Home Foreclosures and Pre-forclosures

If you have, the money now is a great time to buy a foreclosure or pre-foreclosure. There are different options when buying a house foreclosure from home auctions to short sales you just need to know how to find them.

Difficulty: Easy

Instructions

Things You'll Need:

• Newspaper
• Computer

1. ***Bank Owned REO***
   
   Foreclosures listed with real estate agents are bank owned REO properties. The bank or lender has taken ownership of the property and listed it for sale using a real estate broker. To find REO listings there are websites such as forclosure.com that provide up to date information about foreclosures in your area.

2. ***Sheriff Sale***
   
   For pre-foreclosure houses that are at auction, check your local newspaper for sheriff sales.

3. ***Short Sale***
   
   If you have, the time to get through all the red tape short sales can be great investments. Short sales are homes in pre-foreclosure being sold by the owner. The homeowner is selling it for less than is owed on the house. Short sale opportunities can be found in the real estate section of your newspaper.

4. ***Websites***
   
   Do a Google search for “find a home foreclosures” most of the websites offer a 7 day free trial.

5. See resources below for foreclosure links. In addition, check related articles for more information about foreclosures.

Tips & Warnings

• Find a real estate broker you trust.

Resources

• Realitytrac
• ways2moremoney

[repofinder]

on 9/15/2009 A good place to find an REO property online is http://www.repofinder.com/reofinder. This website has a free list of Bank websites where you can view their foreclosed property sales.