How To Find Foreclosed Homes Without Paying A Fee?

How do I find foreclosure listings for free?

Online specialists: Zillow has foreclosure listings for free.

You can find foreclosure properties by using search filters on Zillow’s search and maps page.

To find listings for bank-owned properties, enter your search area on Zillow, then click “Listing Type” and choose “Foreclosures” under the “For Sale” heading.

How can I find a bank owned home for free?

Search Bank Owned REO Listings Free

  • – FannieMae’s REO Search.
  • 21st Mortgage Corporation – REO Search (mobile homes)
  • Bank of America – REO Search.
  • Bank of the West – REO Search.
  • Branch Banking & Trust (BB&T) – REO Properties Search.
  • Chase Bank – REO Search.
  • CitiMortgage – REO Search.

What is the cheapest way to buy a foreclosed home?

How to find a foreclosed home

  1. Enlist the help of a real estate agent who is experienced with foreclosure purchases.
  2. Check in with your county.
  3. Scour bank websites.
  4. Search for homes for sale through the Department of Housing and Urban Development.
  5. Check out online auction websites like,, and

How do I find foreclosed homes near me?

Below are eight ways to find foreclosure listings:

  • Foreclosure real estate agent. Find a real estate agent who specializes in foreclosed properties.
  • Check Zillow.
  • Newspaper.
  • Bank websites.
  • Government agencies.
  • Public records.
  • Do a drive-by.
  • Auction houses.

What is the best website to find foreclosed homes? also provides a free listing of homes in foreclosure.

  1. lists properties owned by Fannie Mae (acquired through foreclosure).
  2. lists properties owned by Freddie Mac.
  3. lists homes for sale by the federal government.
  4. Follow me on Twitter.
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Is foreclosure public record?

Public records

Throughout the foreclosure process, various legal notices must be filed in your County Recorder’s Office. This information is public record and available to anyone. It’s free, and you may find newly posted properties that haven’t yet reached many of the online foreclosure data providers.

How do I get a bank owned property list?

10 Steps to Buying a REO Properties

  • Step 1: Browse Available REO Properties.
  • Step 2: Find a Lender and Discuss REO Financing.
  • Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes.
  • Step 4: Refine Your List of Lender-Owned Properties.
  • Step 5: Get an Appraisal on Your Ideal Property.
  • Step 6: Make an Offer.

Do banks sell repossessed houses?

“If the homeowner is still in arrears by the time the property has been attached, the bank will instruct the sheriff of the court to provide with selling the property at a public auction,” says Goslett. Certain banks will also provide lists of repossessed properties to real estate companies for them to sell.”

How do I find REO properties in my area?

REO properties are often found on multiple listing services. Websites like, RealtyTrac and list REO homes for sale and are good sources for hopeful homebuyers to tap. It’s also worth asking your real estate agent about REO homes in your area.

Can you buy a foreclosure with no down payment?

Use an FHA Loan

If the property passes all guidelines, it is even possible for you to buy a foreclosed home with no money down at all using an FHA loan, which is a dream come true for most real estate investors.

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How do you get the best deal on a foreclosed home?

How We Make Money

  1. Getting a good deal on a foreclosed home.
  2. Look for mispriced listings.
  3. Make sure repair costs fit the plan.
  4. Verify the neighborhood aids appreciation.
  5. Buy at the year- or quarter-end.
  6. Look for diamonds in the rough.
  7. Work with the listing agent.

Is there a downside to buying a foreclosure?

Disadvantages: Unless purchase price will pay mortgage(s) and closing costs in full, lender’s approval of price and terms of sale will be required (i.e. short sale). Lender may not approve price, seller concessions or closing cost credits. Short sale may take 45-90 days to close.