The current economic environment with millions of mortgages in trouble can lead to a gold mine of opportunity for investors with cash on hand or access to credit. But, how to find foreclosures is an issue that must be addressed before investors can fully profit from the situation. This article will examine how to find foreclosures.
The first step in how to find foreclosures is developing a list of properties. There are several sources for this.
One thing you can do is contact a real estate agent who specializes in how to find foreclosures. Because it is increasingly difficult for agents to make traditional sales, many are developing niche specialties. One of these specialties is foreclosure listings. These agents develop relationships with banks who have pre-foreclosure and foreclosure listings. Working with an agent can reduce a lot of hassles. But, you also have to realize that the banks will factor in their fees into the final negotiated price.
Another way to find foreclosures is to go to individual banks web sites. Scouring these sites individually provides a free way to get lists of foreclosures. Similarly, you can look at classified advertisements,...
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