Wednesday, November 21, 2007

Free Home Foreclosure Listings

There is a wealth of information available online about foreclosures. You can even find free home foreclosure listings at several different websites. As I mentioned in a previous blog, you can search for listings yourself at your county clerk of courts website.

Many of the websites who provide the listings will give you some basic info, but charge you for the actual contact information. There are even some sites that will grant you access to complete listings for a free trial period such as a week or 3 days.

I have searched and tried many of these sites myself, but there are two main sites that I stick to when starting my foreclosure search. These sites are http://www.foreclosuremagic.com and also http://www.foreclosuredata.com.

Both of these sites are an excellent resource for obtaining all kinds of foreclosure and pre-foreclosure information. At either one you will find all kinds of home foreclosure listings such as bank owned (REO's), government seized homes, HUD, VA, and preforeclosures complete with accurate property details and bank or mortgage lender contact information.

If you are interested in looking for these kinds of listings, then stop your search and try out one or both of my recommended sites today. Good luck and happy investing!

Scott Young
http://www.homeforeclosurelist.net

Sunday, November 18, 2007

Foreclosure Home For Sale

How many times have you been driving down the street and saw a sign that says "Foreclosure Home For Sale"? My guess is probably never. This is because foreclosures and especially pre-foreclosures are not advertised like your typical home that is listed for sale. Home foreclosure information has always been available through public records, but over the years this data has become even easier to get a hold of thanks to the Internet.

Your local county courthouse is required to make foreclosure information available to the public through courthouse documents and newspaper classified advertisements. Also, most counties have websites these days where you can find foreclosures from the comfort of your own home. The problem lies in where exactly to search. Well, I'm about to share with you a piece of information that many Real Estate gurus and foreclosure investors don't want you to know. All you have to do to find information in a specific county is to find the Clerk of Court website! You will find all kinds of public records here including foreclosures, tax deeds, lis pendes notices, and more.

I probably just upset a lot of different people out there who sell foreclosure and other public information by sharing this little secret with you, but they can live with it. I want to help the average person out there who is just getting started in foreclosure investing, or anyone who is just looking for a home for sale. Even though you can search and find these records yourself, there are still benefits to using some of the online services available for you. One such benefit of using these services is that all of the home foreclosures are easily managed and presented to you complete with property details and contact information of the banks and lenders.

Many people looking at homes for sale don't even know that buying a foreclosure home is an option. It is a tougher option for the first time home buyer because of several factors, one of the main ones being that all of the money is due immediately or shortly after the time of auction. This makes getting a traditional mortgage impossible. The main financing options are to already have the big sum of money available to you are to find a hard money lender. Other negative factors preventing the average home buyer are the unknowns that go into foreclosure homes and tough competition from professionals.

So, if you are looking for a foreclosure home for sale don't count on finding a for sale sign. Just make sure to do all of your homework and understand what you are getting into. As always, I wish you the best of luck!

Scott Young
http://www.homeforeclosurelist.net