Free Foreclosure Lists

Finding free foreclosure lists can be challenging. Some websites try to entice you with a 30 day trial of bank foreclosure listings but then require a monthly fee. However, with a little tenancity you can build your own free list of foreclosure properties.

Here are some ideas for finding free foreclosure lists:

• Build a network of Realtors and find some that specialize in REO properties


• To find free government foreclosure listings vist the HUD and VA website - both have foreclosure listings


• Search public records. Another way to find lists of foreclosure houses free is just to cruise streets and look for properties that are not being taken care of. Note the address, then search public records to find the owner.


• Contact Title Companies and Trustee Sale Attornies.


• Look in your local newspaper and Craigslist


• Here's some other sources Directory of Pre-foreclosures

In the past, banks have been really stubborn about accepting low offers. You have to deal with the loss mitigation department of the lending institution. The people in these bank offices typically are given incentives to make the most money for the bank, so they can be more stubborn than homeowners.

However, the foreclosure crisis of 2008-2009 has made many banks much more open to accepting lower offers. If they have too many REO properties on their books, they may surprise you and accept a lower offer.

Make sure you know what comparable properties are selling for before making an offer. And have lots of patience when buying foreclosures.

When's the best time to buy a foreclosure? Try a pre foreclosure sale. You will have much less competition for the house.

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