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where can I find free listing of forclosed homes?

April 26, 2017forclosed Free homes listing

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where can I find free listing of forclosed homes?

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Thank you for your question about a free listing of foreclosed homes. A good local agent can help you find foreclosure listings. If you are interested in Pre-Foreclosure in order to do a short sale or just for the information I suggest using a local real estate agent who is already signed up with RealtyTrac by making a contact request from their website. The Foreclosure process starts when a homeowner cannot pay the mortgage and ends when the home is resold. The three stages of Foreclosure are: Pre-Foreclosure, Auction, and REO/Bank Owned. Pre-Foreclosure is the time period a homeowner has to repay the delinquent amount of the mortgage. If a homeowner does not pay the mortgage the home is auctioned. If the bids do not meet the reserve the lien holder (bank) reclaims the property and it becomes a Bank Owned REO.