How Do You Find Foreclosures & Bank Owned Properties?
A foreclosure occurs when a property owner defaults on mortgage payments. An increase in foreclosures has created a large inventory of bank-owned properties. Foreclosures and bank-owned properties can be found online, at your local bank, in the newspapers, at real estate auctions and through government resources. Check with your local bank, where your personal accounts are held. Ask the branch manager who handles the bank’s ORE (owned real estate) inventory. Set up a time to meet with that person to gather information on current bank-owned properties on the market. Go to your county clerk’s office and research the foreclosure postings. Check to inquire about vacant properties and possible foreclosures in your community. Ask about any upcoming auctions involving those properties. Look online at the U.S. Department of Treasury website. The U.S. Department of Treasury posts details regarding seized property auctions online. View the variety of seized properties across the United States th
