Foreclosed properties are a great investment opportunity, especially if you’re planning to move to a new house or want to invest money in a property in the hopes of flipping it in the years to come. Regardless, you need to know where to start looking for foreclosure listings.
According to ATTOM Data Solutions, home foreclosures have significantly decreased by 15.44% from August to September in the previous year. While this might mean lesser availability of foreclosed properties, it doesn’t mean looking for one is impossible. That said, here are some online resources that will help you look for foreclosures nearby.
1. Zillow
One of the most popular sources you can find online, Zillow offers you a foreclosure center with access to various search features that will allow you to look for nearby foreclosures using various factors like cost, location, and more. You can even find buying guides and help articles related to foreclosures.
2. Realtor.com
Realtor.com is yet another popular online source for foreclosure information. It’s the official website for the National Association of Realtors which grants free access to its search engine. You can apply certain filters to help make your search for a foreclosed property a lot quicker and easier. It also publishes news and insights about newly foreclosed properties regularly.
3. RealtyTrac
For a premium monthly subscription of $49.95, RealtyTrac.com provides you access to its database of foreclosure listings. It features advanced search options that will help narrow down your search for a foreclosed property, especially ones that are within your vicinity.
4. Hudson and Marshall
Hudson and Marshall hosts real estate auctions showcasing foreclosed properties via ServiceLink Auction. There, you can find listings of foreclosed properties within your area. The site’s search feature is quite simple and easy to use. You only need to enter your zip code or location, and the site will then show you foreclosed properties within that area, along with information like the starting bid, location of the property, images, and more.
5. Trulia
Trulia is known for its well-designed search feature that comes with predefined filters to help you look for foreclosed properties within a specified area. You can use the basic search by town or location, or apply filters and choose the type of listing you want.
6. FreeForeclosureDatabase
This site is one of those foreclosure search engines that allow you to access their listing for free. There’s no need to sign up or undergo a trial membership. All you need is to search for your specified city and state, along with other filters such as your preferred price range, type of property, and more.
There’s even information about the agent representing a particular property along with some contact information.
There are a number of online resources that will help narrow down your search for foreclosure listings. The ones listed above are just some of the most trusted and well-known sites. You can even look for foreclosure listings in bank websites such as the Bank of America.