Free Foreclosure Listings

Written by Rachel Arieff
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Free foreclosure listings can help you save even more money on purchasing the great real estate bargain: foreclosed properties. These properties are typically sold at prices that make buyers happy, as the average foreclosure price is ten to fifty percent below market value. For this reason, foreclosures are some of the hottest types of properties for investors looking to make a relatively quick profit.

By snapping up a foreclosed property, an investor can turn around and resell it at a much more competitive price--and enjoy a nice profit margin. Looking at it from an owner's perspective, when you buy a foreclosed home, you're buying a property with built-in equity. In other words, whatever your interests may be as owner or investor, there's no way to lose on foreclosures.

Why are foreclosures such bargains in the first place? The reason is because the bank or lending institution desires to get the property off its hands rather than waste valuable time (and money) having it sit there. There is great incentive for lending institutions to get rid of these properties. Their loss can be your gain.

Getting Free Foreclosure Listings

If you're new at the game of finding foreclosures, where do you start? The answer is the same for experienced investment professionals: free foreclosure listings. These listings are freely available on the World Wide Web with the click of a mouse. A good service can literally deliver tens or even hundreds of listings to you in a matter of seconds. Think of the time and energy this can save you.

In the past, buyers had to take hours out of their schedules to locate the same amount of listings. Then there was the problem of relevance. One of the strengths of the Internet, besides its speed and spread, is the ease with which it can be continually updated. This couldn't be said for the old databases of the past. Today, however, you can literally receive accurate, up-to-date free foreclosure listings from the comfort of your own home. These databases contain listings for every state in the U.S. and are updated daily.

Features of Free Foreclosure Listings

When looking at foreclosure properties, you need all the information you can get right off the bat. This saves you time by helping you hone your focus. For this purpose, the best free foreclosure listings include photo galleries of each property, along with essential tax roll information. Having this important information instantly available to you makes it that much easier to get rolling on the process.

Free foreclosure listings contain all three kinds of foreclosure properties: REOs, regular foreclosures, and properties from Fannie Mae and government lenders like HUD or the VA. No matter what your particular needs, you can find everything in one place when you subscribe to a free foreclosure listing service.

One of the more common questions regarding free foreclosure listings is, "Can we trust the information in their databases?" The answer, obviously, is that it depends on the particular service. It's common knowledge that the Internet is full of both reliable and unreliable information. However, an established and reputable listings service will provide you with accurate information you can depend on--straight from the very agencies or lenders offering the foreclosures.

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