How to Get Foreclosure Listings from Lenders?
September 22nd, 2009
There are two basic ways to get listings of foreclosures from lenders. One is free and the other will cost you a small fee, but may be worth it for the convenience. The free method is to work through a realtor or contact bank loan officers directly and request a list of foreclosure properties. Going through the realtor may be easier if you do not know anyone at the bank, because they may not give the list out to just anyone. If it is the bank you use you will have better luck.
Some realtors specialize in foreclosure listings and they have access to these listings through the banks they work with. Since you are likely going to need a realtor to do the deal anyway, it may be worth your while to go through them and pay the commission. If it means they find you a better deal than you could get on your own then it is definitely worth it.
The other way to get foreclosure listings from lenders will cost you a small fee. This involves using a service that collects these listing from banks. The advantage is that you will get lists of all the foreclosures in your area, not just the ones from the one bank you call. So it can save you a lot of time. If you are looking for something very specific or a looking to buy multiple foreclosure properties, this is a worthwhile option. It is also helpful if you are interested in foreclosures that are outside of your local area.
- Foreclosures Continue To Harangue USA
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