Maybe you're in the market to buy a new home for investment or to live in. Whatever the case, why pay full price for a home if you don't have to? Foreclosured and REO properties are a great way to go if you want to save money and if you don't mind property you may have to fix up. There is even a 203k mortgage that gives you extra money for rehab costs less than $5,000. Not sure where to find these properties? Well here is a list of places that deal in foreclosure and REO properties.
Local Lending Institutions
Call all the banks and loan companies in your area. Ask to speak with the person who handles foreclosure and REO sales. Ask them how they sell these properties. Tell them what kind of property you are looking for. Be as specific as possible. If they have any properties available, they will usually tell you the location of the property and have you drive by to take a look. If you like what you see, act fast! Call the lender and get the process going.
Auction Notices Posted at the County CourthouseCheck with the County Recorder or Clerk to find the exact place where notices are posted at your County Courthouse. These notices give you all the relevant information about upcoming foreclosure sales-dates, times, and locations.
