Welcome to Real Estate Foreclosure Guide
Free Real Estate Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Risks Of Free Real Estate Foreclosure List
from:It seems like everyone out there in the real estate business is trying to sell or buy foreclosures. The most used tool used to do this is the free real estate foreclosure list. In some cases, the free real estate foreclosure list is offered on free trial for a membership site, so you can try out their services. You can get get free information from these sites, the city or county, and even government sites like HUD.gov. There are some risks involved in getting information from free sources that you should be aware of before making a final decision.
Outdated Information
Some lists aren't updated frequently enough and the information is outdated. This can cause problems if you spend a lot of time researching a specific property on the free real estate foreclosure list, only to find out it is no longer under foreclosure. In between the time the list was created, posted, and subsequently read by you, the owner may have found a way to pay back the bank, gone into bankruptcy (which stops the foreclosure process for a period of time), done a short sale, or sold conventionally. Don't waste your time assuming a property is still being foreclosed if you get it off a free real estate foreclosure list, always double-check its current status.
Insufficient Information
Obviously, the free real estate foreclosure list may not be as comprehensive as the paid ones. You want to be able to get as much information on a property before you buy: the square footage, the comparable market sales, the condition of the property, and the liens that might be outstanding. Even if you pay for a list instead of getting a free real estate foreclosure list, you will want to give the property a visual inspection and even see if you can opt to get a home inspector in too during the buying process. Some foreclosures allow you to do that, but you have to add a special clause to the contract.
Inaccurate Information
Buying foreclosures is a risky business. None of the information on a paid or free real estate foreclosure list is guaranteed. Foreclosures are sold “as is” and can come with huge repair costs and back taxes owed. You have to do your homework regardless of the information you find on a list, since it might be completely inaccurate. It is up to you, the buyer, to verify any information you get from any list, whether it is a paid or a free real estate foreclosure list.
Free Real Estate Foreclosure News
Carolina Real Estate Professionals Helping Local Homeowners Avoid Foreclosure Through Specialized Training Program
Certified Distressed Property Designation course, from Charfen Institute, provides agents with tools, processes and education to help distressed homeowners in the Carolinas find alternatives to unmanageable mortgage debt. ...
Read more...Real Estate Wonk: Foreclosure scams on the rise, group warns
Reported scams up 60 percent this year Enterprising scammers are swarming around new federal government mortgage foreclosure prevention programs, the Homeownership Preservation Foundation warns.
Read more...Real Estate Wonk: Group warns foreclosure scams on rise again
Reported scams up 60 percent this year Enterprising scammers are swarming around new federal government mortgage foreclosure prevention programs, the Homeownership Preservation Foundation warns.
Read more...Florida Real Estate Company Now Provides Free Investment Property Training
Florida Real Estate Company, JacksonvilleWealthBuilders.com, is now providing free investment property training. Purchasing real estate can be complicated without a training program and this free real estate training is designed to help educate beginning real estate investors.Jacksonville, FL (PRWEB) May 08, 2012 Florida real estate investing has increased in the last four years in part due to ...
Read more...Video: Ask the Experts: Real Estate
MoneyWatch real estate blogger Ilyce Glink joins editors Jill Schlesinger and Jack Otter to answer questions about rental properties, mortgage rates and more.
Read more...Mortgages - Speeding Up Short Sales
Starting June 15, Fannie Mae and Freddie Mac will be required to respond to short-sale offers within 60 days.
Read more...ListedBy Debuts Real Estate Industry's First Free Online Live Auction, Social Networking and Services Marketplace
Site bridges classified advertising and auction models to drive asset value and salesNapa, Calif. (PRWEB) May 03, 2012 ListedBy (http://www.ListedBy.com) today made its debut, launching the real estate industry's first free online live auction, social network and services marketplace. ListedBy addresses a market void and need for a free, transparent online auction and property search arena ...
Read more...Real Estate Weekly: Get a foreclosure review before it’s too late
Homeowners who had a mortgage in any stage of the foreclosure process in 2009 and 2010 and who think they may have been victims of errors or other problems in the process may be eligible for compensation, thanks to a settlement with 14 major mortgage servicers.
Read more...