How to Find Foreclosure Listings

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Watch more How to Buy a Home videos: http://www.howcast.com/videos/417398-... • There are many listings of home foreclosures available, but you can avoid paying high prices for lists if you know where to look. • Step 1: Contact a county tax department • Contact a county or city's tax department for free lists of foreclosure auctions in the area. Lists include dates, times, and locations of the auctions. • Tip • Buyer beware -- foreclosure auction properties are bought with cash up front, and are typically bought sight unseen without title insurance. • Step 2: Contact bank REO departments • Contact bank REO, or real estate owned, departments for bank-owned property information. The Mortgage News Daily website, at mortgagenewsdaily.com, offers links to major bank REO departments. • Step 3: Go to the REO Network website • Go to the REO Network website, at reonetwork.com. Search their database for brokers, agents, or vendors in your area who work with bank-owned foreclosures. • Step 4: Search the HomeSales.gov database • Search the HomeSales.gov database for government-owned foreclosures. Housing and Urban Development, or HUD, and the Veterans Administration websites also offer foreclosure listings. With a little research you can find residential or commercial property on the cheap from a wide variety of sources. • Did You Know? • Former baseball superstar Jose Canseco lost his $2.5 million home to foreclosure in 2008.

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