How to Find Free Foreclosure Listings
People shopping for a new home sometimes express disappointment and frustration upon learning that a foreclosed home they would have purchased had they known of its availability has just been sold at an extremely affordable price. Demand for such houses is high and information about them often is difficult to obtain. Financial institutions and a few government agencies are among sources to which you may turn if you seek information about such houses.
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Instructions
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Search online foreclosure listings. The first and most convenient place to look for free foreclosure listings is online. There are many websites that list foreclosures, but they typically do not disclose full listings without a paid membership. Most of them, however, offer access to listings for a limited time through a trial membership, which you may use to your advantage. Sign up for a trial membership at one, and when the trial period runs out, sign up for a trial at another.
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Search bank listings. Many banks list real estate-owned, or REO, properties for free either online or through direct contact.
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Communicate with an REO asset management company. These companies exist to help lenders dispose of real estate as quickly as possible for the highest price they can get. Because they want to get homes off of their clients' hands, many offer free foreclosure listings and are willing to cut deals.
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Inquire at the state or federal level. The U.S. Department of Housing and Urban Development, the U.S. Department of Agriculture, the U.S. Department of the Treasury and the FDIC have foreclosed houses for sale. County clerks' office also maintain records of foreclosed properties that may have not yet reached foreclosure listings. These records are available to the public.
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