Posts Tagged 'Find Foreclosures'

Where to Find Distressed Properties and Foreclosures

Posted on: October 6, 2009

Categories: Investors, Reviews

Author: buyfixandprofit

Where to Find Distressed Properties and Foreclosures

Bank REO’s

These are properties that the bank now owns after the foreclosure process has run its course culminating in an unsuccessful attempt to auction off the property at a sheriffs sale.  Your local real estate agent can put together a list of properties in the price range you are looking for.  Most of my purchases have been REO’s since they provide the least amount of headache to obtain.

HUD Homes and Government Seized Repo Homes

Go to www.hud.gov or www.homesales.gov to find government owned properties in your target areas.  These areproperties that Fannie Mae or Freddie Mac have insured and the homeowner defaulted on the mortgage.  I have purchased some heavily discounted HUD homes with almost no money down.  There is usually less competition for these homes as long as they are not… Read the rest

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