How to Locate Foreclosed Houses
- 1). Work with a real estate agent who has access to bank-owned properties. Call different real estate offices in your area and ask for an agent who specializes in REO (real estate owned) or foreclosures. The agent should have a listing of pre-foreclosure and foreclosure properties in your area.
- 2). Speak with local banks and ask to access their listing of bank-owned properties. Banks are generally willing to give potential buyers a listing of their REO properties. Ask for a list of homes to begin your search. Some banks, like Bank of America, have an online foreclosure search tool.
- 3). Tour different neighborhoods. While searching neighborhoods for "for sale" signs, pay close attention to foreclosure or eviction notifications posted on vacant homes. Read the notification and write down the number of the agent or bank representing the property.
- 4). Pay for a foreclosure listing. Several companies, such as Foreclosure.com, offer a listing of pre-foreclosures and foreclosures for a fee.
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