When a lender decides to foreclose on a property, a notice of default is filed. This document is a public record, and can be used for locating foreclosure properties. You can then use the newspapers to find these filings.

Another great way to find foreclosures if you know the neighborhoods you’d like to live in, is to drive through them. Look for real estate signs that say; “Foreclosure”, “Bank-Owned” and “Bank Repo”.

Call the phone number listed on the signs and ask about other foreclosure listings in the area. But don’t forget to also ask about the foreclosed properties that will be in the upcoming market.

It’s the perfect way to get a jump on the other buyers by asking about the new foreclosures not yet listed. Sometimes takes weeks for the bank management to approve the list price and you can get.

Many banks maintain online lists of foreclosed properties, so check their web site. Other lenders hire an asset management company to handle foreclosures on the lender’s behalf. Contact them for their latest foreclosure lists.

Foreclosed properties are available through the following government agencies; HUD – Housing Urban Development, Fannie Mae, Department of the Treasury and the SBA – Small Business Association. Visit each site for more information.

Usually there are a very small handful of real estate agents that specialize in listing REOs for sale in your neighborhood. They can be found by searching the MLS (multiple listing service). Just ask your agent to search the MLS for “REOs.”

These methods were valid years ago but NOT any more.

With the HUGE number of foreclosures today it’s not very practical to use these traditional methods, mentioned above. It just takes too much time and you won’t be able to find them all.

In fact because there are so many, you now need an electronic method to;

While this may be the only practical way to search it is also the best way to get your dream home at a dream price.

That’s exactly why I recommend a foreclosure specialst. Free of charge they provide you with;

Click here to find out which foreclosure specialist I personally recommend

Rick is an investment and real estate expert with 27 years of experience. At his website you’ll learn how to search thousands of local foreclosure listings. Ideas on how to use keyword criteria to find the exact type of house you want, in the perfect neighborhood. For help with finding your dream home go to
http://www.Estore-Services.com/homes


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