Free Foreclosure Listings - How to Find Them

If you want to purchase a foreclosed property, you have to be proactive about it. Simply driving around until you see auction signs or waiting for notices to appear in the paper will not do. Using free foreclosure listings effectively can invaluable to helping you find your dream investment property.

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If you want to purchase a foreclosed property, you have to be proactive about it. Simply driving around until you see auction signs or waiting for notices to appear in the paper will not do. Most of the time, foreclosed properties have gained a lot of attention by the time they are placed up for auction, and there will be stiff competition if you wait too long. So, you need to act quickly. The best way to do this is to find out about properties and try to purchase them before anyone else knows about them.

 

You can do this by browsing free foreclosure listings. There are several ways that you can find listings including the internet, the courthouse and government notices. Let’s go over each briefly:

 

• Internet – There are many websites online that will offer you free listings if you sign up for another one of their services. Some will even offer you free listings for simply signing up for a mailing list. To find such lists, all you have to do is type in “free foreclosure listings” into your favorite search engine.
• Courthouse – Foreclosures are a matter of public record, and these records are kept at your local courthouse. The downfall is that a county courthouse only keeps the foreclosure records for that county. So, if you want to browse listings for other counties and states, you will have to look elsewhere.
• Notices – The government periodically publishes lists of properties that are going up for auction. These postings are most often in the newspaper, but you can find them online as well.

 

Keep in mind that all of these resources are available to your competition. Choose lists that are harder for your competition to find. For example: foreclosures are recorded at the courthouse before they appear on any other list. If you wait around for foreclosures to hit the paper or be listed on the internet, you may be missing out.

 

You should also act quickly when you find a property that catches your eye. Don’t give anyone else the opportunity to snatch it out from under you.

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