Looking For Preforeclosure Listings?

There are so many ways in which you can find out about real estate that is being foreclosed that it can be quite confusing at times!

ForeclosureRepos.com helps prospective buyers by providing an extensive date base of preforeclosures properties as well as additional information and guidance.

Some of the ways by which you can find preforeclosures properties are:

Newspapers:

Preforeclosure properties are listed in newspapers regularly along with announcements of trustee sales. One of the requirements of foreclosure proceedings is that a Notice of Sale be published in a local newspaper. So searching business journals and newspapers can help you locate the real estate of your choice.

Public Records

During foreclosure it is required that notices be filed at The County Recorder’s Office or at the County Courthouse. These are public records and can be accessed by anyone. A Notice of Default (NOD) or a Notice of Sale filed by the bank or lender will tell you which properties are going through foreclosure proceedings.

Utilising this option is advantageous as you get to know, free of cost, about new foreclosures that are being filed . You can then locate a good deal before anyone else and especially before it becomes available to the thousands of online searchers.

However, searching through the records can be very time consuming. For a first timer with little experience it can be frustrating and a waste of time.

Internet

The internet offers a huge online data base for preforeclosure listings which can be accessed at your own time.

Data on filings of Notice of Default (NOD), Notice of Trustee Sale and Lis Pendens as well as listings of Bank REO Properties can also be accessed through the net.

Many county courthouses today have their own websites. You can read the public announcements posted on the site and know about new foreclosures at the time of filing itself.

Most online listing services give basic information like names and addresses and details of dues and outstanding loans. Some also give contact details.

Subscribers to ForeclosureRepos.com can access a large database of preforeclosures properties throughout the country. They can also avail of other resources like photos, names of agents, listing services and a host of other information.

List Providers and Title Companies

List providers are organisations which collect information on foreclosures from the courthouse and provide them to interested parties at a fee. The information can be availed of either daily or weekly. You do not have to collect it personally but can opt to have it faxed or emailed to you.

Title companies also provide information about foreclosures but do not charge a fee. However you have to be careful to check that the data provided is not out dated!

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