Finding Foreclosure Listings So You Can Make a Profit Today
First let's look at what type of listings exist.
Some of the list you may find will be called pre-foreclosure listings and this means that a property has been sanctioned for foreclosure proceedings but may not have actually been foreclosed as yet. This type of foreclosure allows a person time to carry out some investigations on the property in question so that they are able to make an informed decision on it prior to making a bid.
But another way to look at a pre-foreclosure listing is that notice has been provided and a foreclosure on the property is inevitable should the owner of the property take no action in order to settle the loan against it. Normally a pre-foreclosure period lasts for 30 days prior to a property becoming a foreclosure listing.
Most foreclosure listings can be found through a county announcement which is usually in the front section of the classifieds of the local paper for your area. Also realtors, banks, and other lending institutions will have foreclosures listings and you can do a search online as well.
But the key to finding a good foreclosure listing is to be patient as it may take some time to learn the ropes and know which listings are good to use and then how to make your foreclosure purchase. A lot of real estate agents have connections to lenders and they will be alerted by them of any properties that are put into pre-foreclosure. In some cases realtors will refer to a foreclosure listing as a fire sale.
However if you know of a reputable real estate agent that you can work with this might be the best way for you to check out all foreclosure listings. Some times these agents work like stock brokers and when they know of a property that is coming on to the market and is pre-foreclosure or a foreclosure listing they will alert you to it. Using this type of set up is a win win situation for both you and the real estate agent.
The final option is to subscribe to a foreclosure listing service online. This is a great way to save yourself some time, because all the hard work of finding foreclosure listings is done for you. All you need to do is check out the neighborhood you're interested in. The good services charge a small fee, but when you consider how much you can make if you buy a property well below market value, that charge is minimal.
The end results no matter which option you decide to go with is that you will end up with a nice foreclosure listing to add to your property portfolio.
Related Tags: real estate investing, foreclosure, buying a home, foreclosure listings, buying foreclosures
If you want to read more about pre-foreclosures, click over to David's site at http://www.foreclosuresonlinecentral.com You can also access lists of seized real estate at http://www.buyingcheaphouses.info
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