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Real Estate Foreclosure Article
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Risks Of Free Real Estate Foreclosure List
from:It seems like everyone out there in the real estate business is trying to sell or buy foreclosures. The most used tool used to do this is the free real estate foreclosure list. In some cases, the free real estate foreclosure list is offered on free trial for a membership site, so you can try out their services. You can get get free information from these sites, the city or county, and even government sites like HUD.gov. There are some risks involved in getting information from free sources that you should be aware of before making a final decision.
Outdated Information
Some lists aren't updated frequently enough and the information is outdated. This can cause problems if you spend a lot of time researching a specific property on the free real estate foreclosure list, only to find out it is no longer under foreclosure. In between the time the list was created, posted, and subsequently read by you, the owner may have found a way to pay back the bank, gone into bankruptcy (which stops the foreclosure process for a period of time), done a short sale, or sold conventionally. Don't waste your time assuming a property is still being foreclosed if you get it off a free real estate foreclosure list, always double-check its current status.
Insufficient Information
Obviously, the free real estate foreclosure list may not be as comprehensive as the paid ones. You want to be able to get as much information on a property before you buy: the square footage, the comparable market sales, the condition of the property, and the liens that might be outstanding. Even if you pay for a list instead of getting a free real estate foreclosure list, you will want to give the property a visual inspection and even see if you can opt to get a home inspector in too during the buying process. Some foreclosures allow you to do that, but you have to add a special clause to the contract.
Inaccurate Information
Buying foreclosures is a risky business. None of the information on a paid or free real estate foreclosure list is guaranteed. Foreclosures are sold “as is” and can come with huge repair costs and back taxes owed. You have to do your homework regardless of the information you find on a list, since it might be completely inaccurate. It is up to you, the buyer, to verify any information you get from any list, whether it is a paid or a free real estate foreclosure list.
Real Estate Foreclosure Specific links
Real Estate Foreclosure News
REAL ESTATE: Inland Empire tops dubious foreclosure list - Press-Enterprise
 Bloomberg | REAL ESTATE: Inland Empire tops dubious foreclosure list Press-Enterprise ... director of the Riverside office of MetroStudy, a real estate consulting firm. “A lot of inventory will be coming back into the foreclosure process,” Johnson said. “These institutions are doing a massive reassessing of their past foreclosures, ... Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages St. Louis metro foreclosures 28 percent higher in 2012 New Signs of Life in Inland Empire Housing Market |
Real Estate| Property prices rise, sales drop in April in Myrtle Beach area - MyrtleBeachOnline.com
Real Estate| Property prices rise, sales drop in April in Myrtle Beach area MyrtleBeachOnline.com Statewide, real estate sales dropped 1.3 percent, to 4181 homes, condos and villas sold, in April compared to the same month last year, according to SCR. Foreclosure filings in Horry County rose in April compared to the same month last year as prices ... |
Foreclosures fall again, for now, survey finds - Newsday
 ABC News | Foreclosures fall again, for now, survey finds Newsday Real Estate Newsday > Classifieds > Real Estate Print Aa Foreclosures fall again, for now, survey finds Published: May 17, 2012 9:36 AM By THE ASSOCIATED PRESS LOS ANGELES -- National foreclosure trends took a positive turn in April, as the number of ... Foreclosures Fall...And That's a Bad Thing? Foreclosure Filings Plummet to Lowest Since June 2011 Report: Fewer US homes foreclosed upon in April |
Investors buy $180M 1 day in area commercial real estate - AZ Central.com
Investors buy $180M 1 day in area commercial real estate AZ Central.com It paid nearly $132 million for the buildings located on nearly 100 acres, according to the commercial real-estate foreclosure research and data firm Vizzda. The second-biggest deal on May 11 was the $41 million sale of the Scottsdale Gateway ... |
Real estate at the lake on the upswing - Lakenewsonline.com
 Inman.com | Real estate at the lake on the upswing Lakenewsonline.com ... as reasons for hope that the real estate market is on the upswing. “It is a buyers market, but sometimes buyers are hurting themselves,” Jacobs explained. A young man came to her recently interested in buying a foreclosure in a certain price range, ... New Jersey Realtors attend rally to protect the American dream Realtors Heading to Washington, D.C. Rally |