Choosing the Right Foreclosure List
You’ve read about all the advantages of buying a foreclosed home. You know you’ll be able to buy a great house for a great price without the drawn-out paperwork that’s associated with using a realtor in traditional home-buying process. And you’ll probably be able to get a good mortgage even if have bad credit or little equity.
Yes, you’re ready to step into the market for foreclosed homes. But how? Foreclosed homes aren’t listed in regular real-estate circulars, newspapers, or websites. To find the deal of a lifetime, you need to use a bank foreclosure list.
Lists of foreclosed homes used to be virtually non-existent. Years ago, real estate and investment experts had to hire teams of researchers to painstakingly compile lists of foreclosed homes from courthouse and bank records. It was time-consuming and expensive, but well worth it for the investors who took advantage of the incredible real estate deals.
Fortunately, thanks to the Internet, finding a list of bank foreclosures is much easier today. Whether you’re a seasoned investor or a first-time homebuyer, you can go online and review lists from the comfort and privacy of your own home. You can choose to receive lists in the form of email newsletters, website listings, snail-mail announcements, or PDA downloads – you name it. But not all lists are created equal. The key to success lies in knowing how to choose the right list that offers all the information you need.
A good list should contain all the information that you need in an easy-to-understand, user-friendly format. You need a detailed list that tells you everything you need to know about the foreclosed home. At a minimum, this should include:
- Address
- Photographs of the property (when available)
- Architectural style
- Square footage
- Price
- Approximately monthly mortgage payments
- Realtor contact information
You should also look for a list that is updated daily so that you have access to the latest properties. And insist on a list that is searchable, so that you can quickly and easily find properties that meet your exact specifications (price, location, or features) anywhere in the country. With the right list, all the information you need to make a decision is at your fingertips, allowing you to find real estate investment opportunities worth thousands of dollars in just a few hours (or less!) of work.
ForeclosureDeals.com offers the best list of foreclosed homes. Smart investors and home buyers have been choosing ForeclosureDeals.com since 1998, making it the industry’s unquestioned leader. We offer a professionally and accurately compiled list of more than 1.5 million properties nationwide. Our list is updated daily, so that you receive the latest information about available properties as soon as they’re made available to the public. Our search function makes it easy to find the home you’re looking for. And our professional, caring experts are available around the clock to answer your questions and give advice about succeeding in the real estate market for foreclosed homes.
What more could you want in a bank foreclosure list? Sign up on ForeclosureDeals.com today.
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Mortgage Rates
| National Overnight Averages | TODAY | +/- | Last Week |
|---|---|---|---|
| 3/1 Year ARM | 3.5% |  |
3.51% |
| 1 Year ARM | 3.37% | |
3.4% |
| 30 Year Fixed Mortgage | 4.99% | |
5.03% |
| 15 Year Fixed Mortgage | 4.51% |  |
4.51% |
| 5/1 Year ARM | 3.53% | |
3.55% |
