With just a click of the mouse, you are entitled to free foreclosure listings of properties. Foreclosure happens when a homeowner defaults on a mortgage loan. Free foreclosure listings are free lists of property items which provide complete information to guide potential buyers in buying a foreclosure property. Acquiring foreclosure properties is no doubt becoming a very popular way to get incredible good bargains as many foreclosure properties are sold below the market value.
7-day Free Trial
Free foreclosure listings are not available entirely free of charge. Although a handful of websites may offer wholly free foreclosure listings, the quality of it is indeed in question. Free listings do not provide enough information and might not even be updated on a scheduled basis, whereas paid foreclosure listings will give more detailed and updated information to potential buyers to help them proceed to the purchase of the property.
Besides that, fee-based services also provide more factual and updated listings in just seconds compared to the totally free listings. However the beneficial news is that these days, foreclosure listings vendors do give free 7 days trial of service. After that, purchasers can opt to continue the service by paying the subscription charge. On average, the listings can be as low as $20 and as high as $100. It is crucial for buyers during this period of trial service as buyers can view clearly how the entire process of buying a foreclosure takes place.
Data in Free Foreclosure Listings
To help buyers wisely choose their future homes, free foreclosure listings provides detailed description on major aspects namely the property details, foreclosure information, locality information, sales history, tax information and also the contact information. All this data can be as itemized as number of bedrooms, lot size, loan balance of the house etc. Free foreclosure listings in addition comprise photos of each property.
Why Pay?
The major question is why pay for the free foreclosure listings when the properties are actually public information. The reply will be none other than ease of use. The transfer of real property is filed in county courthouses where the property is situated. Wanting to look around in a foreclosure home will only land buyers in unwanted, troublesome and time constraining procedures such as requesting the listings from the lending institution for clearer information. Imagine also, going through each property!
More Online Places that List Foreclosures are:
Email in your own inbox
Most people receive a lot of junk email every day. Those that have to do with foreclosures could contain a wealth of information. There are numerous websites having to do with below market price properties. These will sometimes provide a listing of homes in your geographical area or sell materials to help you learn how to buy a discounted home.
Realtor's Listings of Foreclosed Homes
Realtor's websites generally will provide free listings of foreclosed homes. They may merely show a bank as being the owner. Since more people have access to these sites, the properties generally move faster and may require immediate action before someone else has purchased the property.
About the Author Gail Metcalf provides foreclosure information on her website Household Wealth
