Foreclosure Home Listings

Different Sources For Foreclosure Home Listings Including Many Free Ones

Government Foreclosure Properties

HUD The US Department of Housing and Urban Development free foreclosure home listings website. HUD home listings HUD actually sells both single family homes and multi-family properties. This is a useful site that links to a number of other government sites - probably a good one to check on a regular basis.

USDA USDA Properties for sale This issuprisingly well organized site. The USDA site has foreclosure home listings as well as REO's. It also has a cool system of mapping - both on a national level (state by state) and county by county - afteryou choose a state. If nothing else, it might be an excellent resource to find where the various counties are in your state. Before we found this link, we had no clue that the USDA even had houses and property to sell.

FDIC FDIC real estate retrieval system. This is a cool site actually. It looks very simple when you get there - but there is horsepower behind the scenes and it actually offers a lot of information on foreclosure properties, foreclosure home listings and foreclosure auctions.

VA VA-Acquired Properties Foreclosure Listings Available For Sale The Veterans's Administration acquires over 20,000 homes a year nationwide due to defaults on VA guaranteed loans. This site lists VA acquired properties available for sale and information on how to purchase these properties. Also includes links to information on veterans' benefits and services for vets...

GSA General Services Administration This is the official website of the GSA - Office of Property Disposal. Takes a while to load but it lists federal properties and foreclosure home listings across the country going to be auctioned to the public and tells how to bid on them.

IRS Internal Revenue Service Foreclosure home listings that have been seized for nonpayment of Internal Revenue taxes due from the taxpayer. These properties will be sold at public auction. If you are unfamiliar with the related regulations, it's a good idea to become familiar with the "redemption" period rules. There are some excellent opportunities for investors - but you must track on the website yourself, they no longer manage a notification list.

SBA Small Business Administration Often the Small Business Administration wraps building purchases into loan packages for small businesses - including office buildings, warehouses, retail and small scale manufacturing facilities. If the borrowers default on the loan, the SBA ends up with the real estate. When this happens, the SBA sells them and they are listed on this site.

US Army Corps of Engineers US Army Corps of Engineers That the Army Corps of Engineers owns property is news to us. They have a program called HAP - the Homeowners Assistance Program enacted by Congress in Section 1013 of the Demonstration Cities and Metropolitan Development Act of 1966. This law provides for assistance to eligible federal personnel, who were stationed at or near an installation scheduled for closure or realignment and who, through no fault of their own, are unable to sell their homes under reasonable terms and conditions.

US Customs Service and US Marshals Service US Customs Service and U.S. Marshals Service when the US Customs or Marshals Service seizes property, these are the sites where they list the property for sale. These are the guys that the infomercials on television talk about... Making a fortune in government auctions. You can get on their mailing lists. If you have extra cash you can make some money here.

What's Fannie Mae anyway?

To quote from the Fannie Mae website, here is a description:

"Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided $4.8 trillion of mortgage financing for more than 52 million families."

Learn more about Fannie Mae foreclosures and find foreclosure listings for sale.

And yet another link... About Fannie Mae

Finally, this is the corporate website for Fanniemae.com Interesting stuff if you don't know the mechanics of how Fannie Mae interacts with the lending industry.

Seattle Foreclosure Home Listings

DJC - the Daily Journal of Commerce

One of the best resources we have found for pre foreclosure home listings in the Seattle market is the Daily Journal of Commerce. They produce a daily newspaper and provide an online listing service available for an annual fee, as well.

The electronic version is a pretty cool - have to give it a thumbs up. The printed version is excellent as well - except we found that in a fairly short period of time, we had newspapers all over the office.

The digital version of the DJC listings is well worth the money.

California and New York Foreclosure Home Listings

www.foreclosures.com

If you live in California or New York, you should check these guys out. The owners of foreclosures.com, Tim and Alexis McGee, are active investors in the foreclosure business. They also offer pre foreclosure listings services in California and New York, and an REO free foreclosures listings trial foreclosure listings, courses and private funding. They have been in this business for quite a while and have established a high degree of credibility. They will fund deals for people in their service area - if the deals meet their criteria. They are responsive, professional and organized. This is a good resource site as well.

REO - Free Foreclosure Listings

Foreclosure listings

National Foreclosure Listings

There are a lot of sites out there with free foreclosure home listings that tend to provide very old information about REO's. Free doesn't always equate to quality.

We have not used it extensively - only on a limited basis, but compared to a number of other sites we have accessed, this seems like a much better program.

You can actually start out by trying the service free for 7 days and if you like it, they bill you every four weeks. If not you can cancel at any time.

Not Recommended Data Services

www.realtytrac.com

We subscribed to pre foreclosure home listings data from realtytrac.com for 7 or 8 months. In the beginning, we were able to search Washington pre foreclosure lists fairly effectively.

Over time, the quality - as well as the quantity - of the information slipped to the point where we cancelled the service. Check it out for yourself, but we do not recommend this service.

www.foreclosureworld.com

The problem with this site was that you have to provide them with an email address in order to get any information.

We purchased a book from this site about foreclosures (we like the book by the way and would recommend it) - Dave Whisnant's, "Foreclosure Secrets". Within 3 working days we received 93 emails from them and related sites.

It takes persistence to get rid of them - opting out of each and every email they send. They have a variety of foreclosure home listings, books and services.

We Do Not Recommend This Site - so much so, we won't even provide a link.

Sites To Avoid

A more complete list of sites to avoid is located here additional foreclosure listings services and sites.