Among the quickest strategies to locate cheap real estate deals in your particular city is to locate the particular neighborhoods which are traditionally valued under the median price of a home and are working class areas.

Get out there next Saturday morning and begin cruising the streets. Bring a note pad in addition to a pencil and start noting all homes that seem to be like they are vacant, deserted, boarded up, distressed, have fire damage or you name it. If the vacant home is and eye sore that is great, and when it is beat-up or run down that is better yet. Write the address down.

OBVIOUS SIGNS OF VACANT HOUSES

Here are some of the tell tale indicators for distressed wholesale real estate and vacant houses. One particular clue will be taller grass in the front yard. Or sometimes, if you are living in a snowy state and drive through a neighborhood after having a snow storm, here is what you may see. If many of the homes in the community have tire tracks in the driveway, and you discover a house which does not, this can be a good indicator that nobody resides in the house and it could be a vacant house.

The most apparent ones are generally boarded up windows, broken windows and also turned off gas meters. There are a variety of signs that a house is many times not lived in, forgotten or simply vacant for some reason. These are the best addresses to note down while driving through the different areas of town to build your list of homes.

THE OWNERS OF THE VACANT HOUSES

When you have your list of vacant houses , look at your county assessor or even clerk and recorder online. The best way to find the website in your local county clerk or assessor, head to Google and type a search for your county name plus clerk & recorder and tax assessor. Look for the real estate or perhaps property records area and try to find the address of the vacant houses on the list.

In every tax file, there is going to be a mailing address for the owner and then you will find the property address of the house you wrote on your list. Often they are identical however at times they are different. In the event the mailing address and property address match up, then the owner resides in the home. But, if the addresses vary, then the owner likely does not live at the property, and so the house could be a rental or just abandoned. What you are researching for is to find the address for the person who owns.

THESE ARE EASILY THE BEST WHOLESALE REAL ESTATE DEALS

With 10 years of expertise, one of the best opportunities are houses where the mailing address and the property address are different and the owner lives in another state. These are goldmine vacant houses. Picture this, you locate a vacant and abandoned house and the owner lives in another state, they might not be aware that that they own a vacant house. They might have no clue what is taking place.

Here is what you are going to do next. As soon as you get hold of the name of the owner and their address, you are going to go online and look up their contact number. To begin, you can take their name and street address, go to anywho.com, whitepages.com, 411.com and look up the owners contact information. Start building your list of all of the people that own these types of abandoned, vacant houses.

PICK UP THE PHONE AND CALL THE VACANT HOUSE OWNER

The next thing is to pick up the phone and contact the owner. Make the connection with the owners and initiate casual conversation. It is more valuable to pay attention to discovering the motivation for selling as opposed to information of the home. Develop connection and just be pleasant. You would like to assist them resolve a difficulty. If results in the fact that you wind up acquiring the property, then that would be ideal. But, if it simply means that you were kind enough to inform them that their real estate has been abandoned, well that is ok too.

The more rapport you develop today with as many out of state owners of abandoned houses as you can, the more likely you will be to buy wholesale real estate from the owner of a vacant house .

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

2 Sides Of Buying Foreclosed Property

Now lets look at a couple of of the factors an individual will want to consider buying foreclosed houses and the way HUD foreclosure listings impact just what you do. Basically, I am only about to split the buying foreclosed property effort into 2 completely different parts. On one half of the effort you will perform analysis and on the other half of the effort you are going to in fact make offers and buy bargain-priced foreclosed houses.

Now, in order to accomplish your HUD foreclosure listing analysis and literally find foreclosed houses, a person must do a number of things. A person could devote quite a bit of time exploring the web for foreclosed houses by yourself, an individual can easily register for high priced HUD foreclosure listing companies and a person could develop a new connection with a nearby broker that knows about buying foreclosed property.

Finding HUD Foreclosure Listings

There tend to be a few pros and negatives to them, therefore we will talk about each one briefly. At the one side is the free list alternative but that requires a great deal of hands-on effort for you to manage all of the actual foreclosed property research on your own. In the event you are new to the process associated with buying foreclosed houses it is going to take even increased work and it is going to get confusing. On the flip side, the membership method is ok although it can easily be overpriced. Again, in the event that you are not skilled with buying HUD foreclosed listings, this can become a good deal of wasted time and effort and eventually you may want to get in touch with a Realtor to help you. Therefore, I feel you may as well do it for free with the assist of a HUD foreclosure listing specialist broker right away.

My best recommended method is definitely to get in touch with a local agent that has knowledge working with foreclosed houses and HUD foreclosure listings. I am not a licensed agent, so I have no prejudice in expressing this opinion. I am a real estate investor and have discovered that the fastest way to start buying foreclosed property is definitely to make contact with a nearby real estate agent and have them help you in performing the initial research. This will save you hours and a good deal of discouragement.

Making Offers On Foreclosed Houses

Once it comes to preparing offers and buying foreclosed property, there are generally a few points to take into account . HUD foreclosure listings include quite precise timelines in which you, as a real estate investor, are not permitted to make offers on the foreclosed houses. You need to wait for what is regarded as the HUD owner occupied period to expire prior to writing your starting offer. While in this period just somebody that plans to live in the property can in fact make an offer. As the real estate investor buying foreclosed property, you have to wait for that time to end.

The best means to monitor all of this will be to get with a nearby broker who can log into your local multiple listing service, also referred to as the MLS, and check the HUD foreclosure listings updates. They will guide you with researching, controlling your timelines and the state of each HUD foreclosure listing in addition to managing the timeline so you follow the rules. This helps you learn how to buy foreclosed property and gives you a decent head start locating good HUD foreclosure listings.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

2 Sides Of Buying Foreclosed Property

Now lets look at a couple of of the factors an individual will want to consider buying foreclosed houses and the way HUD foreclosure listings impact just what you do. Basically, I am only about to split the buying foreclosed property effort into 2 completely different parts. On one half of the effort you will perform analysis and on the other half of the effort you are going to in fact make offers and buy bargain-priced foreclosed houses.

Now, in order to accomplish your HUD foreclosure listing analysis and literally find foreclosed houses, a person must do a number of things. A person could devote quite a bit of time exploring the web for foreclosed houses by yourself, an individual can easily register for high priced HUD foreclosure listing companies and a person could develop a new connection with a nearby broker that knows about buying foreclosed property.

Finding HUD Foreclosure Listings

There tend to be a few pros and negatives to them, therefore we will talk about each one briefly. At the one side is the free list alternative but that requires a great deal of hands-on effort for you to manage all of the actual foreclosed property research on your own. In the event you are new to the process associated with buying foreclosed houses it is going to take even increased work and it is going to get confusing. On the flip side, the membership method is ok although it can easily be overpriced. Again, in the event that you are not skilled with buying HUD foreclosed listings, this can become a good deal of wasted time and effort and eventually you may want to get in touch with a Realtor to help you. Therefore, I feel you may as well do it for free with the assist of a HUD foreclosure listing specialist broker right away.

My best recommended method is definitely to get in touch with a local agent that has knowledge working with foreclosed houses and HUD foreclosure listings. I am not a licensed agent, so I have no prejudice in expressing this opinion. I am a real estate investor and have discovered that the fastest way to start buying foreclosed property is definitely to make contact with a nearby real estate agent and have them help you in performing the initial research. This will save you hours and a good deal of discouragement.

Making Offers On Foreclosed Houses

Once it comes to preparing offers and buying foreclosed property, there are generally a few points to take into account . HUD foreclosure listings include quite precise timelines in which you, as a real estate investor, are not permitted to make offers on the foreclosed houses. You need to wait for what is regarded as the HUD owner occupied period to expire prior to writing your starting offer. While in this period just somebody that plans to live in the property can in fact make an offer. As the real estate investor buying foreclosed property, you have to wait for that time to end.

The best means to monitor all of this will be to get with a nearby broker who can log into your local multiple listing service, also referred to as the MLS, and check the HUD foreclosure listings updates. They will guide you with researching, controlling your timelines and the state of each HUD foreclosure listing in addition to managing the timeline so you follow the rules. This helps you learn how to buy foreclosed property and gives you a decent head start locating good HUD foreclosure listings.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

2 Sides Of Buying Foreclosed Property

Lets take a look at a couple of of the issues a person needs to think about buying foreclosed houses and the way HUD foreclosure listings affect what you do. Simply, I am just planning to break your buying foreclosed property effort in two unique parts. On one half of the focus you will do research and on the other half of the effort you will in fact make offers and acquire cheap foreclosed houses.

Now, to help tackle your HUD foreclosure listing research and literally locate foreclosed houses, an individual will complete a couple of details. You could spend a large amount of energy exploring the web for foreclosed houses on your own, one can register for high priced HUD foreclosure listing services and you can develop a new relationship with a nearby Realtor that knows about buying foreclosed property.

Getting HUD Foreclosure Listings

There are a few pros along with negatives to them, and so we will mention each quickly. At the one side is the zero cost list solution yet this demands quite a lot of hands-on effort to accomplish all of the foreclosed property research by yourself. If you happen to be brand new to the techniques associated with buying foreclosed houses it is usually going to take even greater effort and its going to get confusing. On the other side, the membership process can be okay however it can easily become expensive. Again, if you are not seasoned with purchasing HUD foreclosed listings, this will end up being a whole lot of wasted time and effort and ultimately you will have to speak to a real estate agent to guide you. Therefore, I feel you may as well do it for no cost with the help of a HUD foreclosure listing specialist agent right away.

The preferred technique is certainly to call a local broker that offers experience working with foreclosed houses and HUD foreclosure listings. I am not a licensed agent, so I have no prejudice in stating this. I am a real estate investor and have determined that the fastest technique for you to get started buying foreclosed property is definitely to make contact with a nearby agent and have them assist you in performing your initial analysis. This is going to save you time as well as a large amount of stress.

Making Offers On Foreclosed Houses

As soon as it comes to preparing offers and buying foreclosed property, there are some points to consider . HUD foreclosure listings include extremely detailed timelines in which you, as a real estate investor, are not able to make offers on the foreclosed houses. You have to wait for what is regarded as the HUD owner occupied period of time to end prior to writing your initial offer. Throughout this length of time just a person that intend to live in the property can actually submit an offer. As a real estate investor buying foreclosed property, you need to wait for that period of time to conclude.

The most effective method to track all of that is definitely to get with a nearby agent that can log into your local multiple listing service, equally recognized as the MLS, and search the HUD foreclosure listings situation. They will help you through research, organizing your timelines and the state of each HUD foreclosure listing along with managing the timeline so you do it all right. This helps you determine how to buy foreclosed property and offers you a nice jump in finding profitable HUD foreclosure listings.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

Every free foreclosure listing and every free foreclosure list is likely a little different. And, there are essentially 4 types of free foreclosure lists you will find once you start looking. Probably the most important points that you should understand when you find your list is what type of free foreclosure list you get. This is very important because laws and regulations change based on what list you are considering. So, allow me to simply jump right in and show you the 4 different types of free foreclosure listings that you will find.

List 1: The Free Foreclosure List Before The Filing Date

The first free foreclosure list is what I would label pre-foreclosure before the filing date because the houses on this list happen to be shown before the initial foreclosure filing is completed. There has been no paperwork recorded by the bank at this time. The owners of the house might be behind with their payments and things are most likely not looking great financially for them but they are actually not to the point of getting the Notice of Election and Demand actually filed. That is one of the kinds of free foreclosure lists that you will find while searching.

List 2: The Free Foreclosure List After The Filing Date

The next listing of free foreclosure listings will be posted after the filing day. When the bank has taken the motion to file the Notice of Election and Demand, the free foreclosure list goes into what I will call the pre-foreclosure after the recording date. Now, a lot of things change when you are getting a property foreclosure list that is within this specific period of time. It is really an important thing to know simply because by law, from state to state, what you can do to solve the homeowners money issues at this point of time varies considerably. This is the 2nd kind of free foreclosure list that you are likely to find.

List 3: The Free Foreclosure List At The Sale

The third listing is what I would call the sale date foreclosure list. It is the list with houses scheduled for foreclosure with the county. This specific foreclosure list can be obtained at a moment in time that the lender has gone through the entire course of action and has eliminated their options other than foreclosure but now the foreclosure has become virtually inevitable. There is a date fixed with the county and the property is in fact destined to be sold at the foreclosure sale. This kind of free foreclosure list is actually during that time period following the recording date but prior to the specific foreclosure day.

List 4: The Free Foreclosure List After The Sale

Lastly, the 4th free foreclosure list you will see, and you should find these types of free foreclosure listings in pretty much every area across the country, is after the foreclosure sale itself. This list is known as bank owned properties or even REO. And so the 4th free foreclosure listing group that you will find tend to be bank owned properties. The foreclosure has taken place and after this the homes are owned by the bank.

And so if you are looking for free foreclosure listings, these are the 4 various kinds of free foreclosure lists which are available that you could get your hands on. You can use this knowledge to buy greatly discounted properties that you can purchase as good real estate.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

2 Sides Of Buying Foreclosed Property

Lets look at a number of of the factors a person will want to take into consideration buying foreclosed houses and the way HUD foreclosure listings influence what you do. Essentially, I am only planning to split your buying foreclosed property efforts in 2 different sections. On one side of the focus you will do analysis and on the other half of your effort you will in fact prepare offers and acquire wholesale priced foreclosed houses.

Now, for you to accomplish your HUD foreclosure listing analysis and actually locate foreclosed houses, one must complete a number of tasks. You could commit a substantial amount of time searching the web to find foreclosed houses by yourself, an individual can register for expensive HUD foreclosure listing services and a person could build a partnership with a nearby real estate agent that comprehends buying foreclosed property.

Finding HUD Foreclosure Listings

There are several pros along with downsides to each one, and so we will mention each one quickly. At the one side is the totally free list solution but this requires a great deal of physical energy to do all of the foreclosed property analysis on your own. In the event that that you are new to the methods associated with buying foreclosed houses it is usually going to take even greater effort and it is likely to become complicated. On the other side, the subscription approach is ok although it will become pricey. Again, if perhaps one is in no way seasoned with purchasing HUD foreclosed listings, it can easily be a lot of wasted time and effort and in the end a person will probably need to contact a Realtor to guide you. So, I feel you may as well do it for no cost along with the help of a HUD foreclosure listing specialist agent right from the beginning.

The preferred approach is to speak to a local Realtor that has practical experience working with foreclosed houses and HUD foreclosure listings. I am not a licensed real estate agent, and so I have no prejudice in expressing this opinion. I am a real estate investor and have found that the fastest method for you to begin buying foreclosed property is definitely to make contact with a local Realtor and have them assist you in performing your preliminary analysis. This will help save you precious time and a good deal of stress.

Making Offers On Foreclosed Houses

Once it comes to generating offers and buying foreclosed property, there tend to be a few details to consider . HUD foreclosure listings include very precise timelines where you, as a real estate investor, are not able to make offers on the foreclosed houses. You have to wait for what is regarded as the HUD owner occupied period to expire before writing your first offer. Through this specific time period just people that plans to reside in the home may actually submit an offer. As the real estate investor buying foreclosed property, you need to wait for that time to end.

The preferred method to keep track of all of this is certainly for you to connect with a local agent that can sign into the local multiple listing service, equally known as the MLS, and look at the HUD foreclosure listings status. They will guide you through research, managing your timeframes and the status of each HUD foreclosure listing as well as managing the timeline so you follow the rules. This assists you learn how to buy foreclosed property and gives you a good boost to find good HUD foreclosure listings.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

Among the fastest methods to acquire bargain wholesale real estate deals in your town is to locate any areas of town that happen to be valued under the median price of a property and are found in working class areas.

Get up early on a Saturday and start cruising the streets. Have a a small note book in addition to a pen and begin noting all homes that look like they are vacant, deserted, boarded up, distressed, have fire damage or you name it. In the event the vacant house is ugly that is great, and if it is beat-up that could be better yet. Write the home address down.

OBVIOUS SIGNS OF VACANT HOUSES

Here are some of the tell tale clues of distress. One particular sign is definitely high grass around the front yard. Or perhaps, when you are living in a cold and snowy city and drive through a neighborhood after a snow storm, here is what you would possibly see. If a lot of the houses in the town have tracks on the driveway, and you notice a home which does not, it can be a good indicator that nobody lives in the house and it could be a vacant house.

The most apparent indicators are generally boarded up windows, broken windows as well as disconnected gas meters. There are plenty of clues a house is possibly not lived in, forgotten or simply vacant for reasons unknown. These are the most effective property addresses to write down as you drive through certain neighborhoods to get your list of properties.

THE OWNERS OF THE VACANT HOUSES

As soon as you have a list of vacant houses or distressed property addresses, go and visit your county assessor or perhaps clerk and recorder site. In order to find the website for the local county clerk or assessor is to head to Google and type a search for your county name plus clerk & recorder and tax assessor. Locate the real estate or property records section and look for the address of the vacant houses on your list.

With every tax record, there is going to be a mailing address to the owner and then you have the home address of the house you wrote down. Often they are identical although at times they can be different. When the mailing address and property address match, then an owner lives in the home. If the addresses vary, then the owner does not live in the house, and so the residence might be a rental . What you are searching for is to find the address for the person who owns.

EASILY THE BEST WHOLESALE HOUSES

With a decade of expertise, one of the best deals tend to be real estate where the mailing address and the property address do not match and the owner lives more than 100 miles away. Picture this, you stumble upon a vacant house and the owner lives more than 100 miles away, they will often not realize that that they own a vacant house. They may not know what is going on.

This is what you will do next. Once you get a hold of the name of the owner and their home address, you will use the internet and research for his or her telephone number. To make this happen, you can take their name and address, visit anywho.com, whitepages.com, 411.com and look up the owners contact information. Begin to build the list of all of the owners of these vacant houses.

PICK UP THE PHONE AND CALL THE VACANT HOUSE OWNER

The next phase is to pick up the phone and contact the owner. Make the connection with the owners and initiate casual conversation. It really is more essential to focus on trying to find out the motivation for selling than it is information of the home. Develop rapport and be pleasant. You would like to help them clear up a challenge. If results in the fact that you wind up investing in the house, then that is great. But, if it solely means that you are kind enough to let them know that their property may be abandoned, well that is ok too.

The greater relationship you develop today with as many out of state owners of vacant houses as possible, the greater your chances become to purchase a wholesale real estate from a owner of a vacant house in the near future.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

Each free foreclosure listing as well as every free foreclosure list can be likely a little different. And, you will discover basically 4 different types of free foreclosure lists you will come across once you begin researching.The most important things that you should know when you find your list is what kind of free foreclosure list you have. This is important because the laws and regulations change based on what list you are looking at. So, let me simply jump right in and teach you the 4 different types of free foreclosure listings that you are likely to find.

List 1: The Free Foreclosure List Before The Filing Date

The first free foreclosure list is what I would call pre-foreclosure before the filing date since the houses on this list are shown ahead of the initial foreclosure filing is done. There is no paperwork submitted from the lender at this point. The owners of the home might be behind with their payments and things are most likely not looking very good in financial terms for them but they are not to the stage of getting the Notice of Election and Demand recorded. This is one of several kinds of free foreclosure lists that you will find while searching.

List 2: The Free Foreclosure List After The Filing Date

The second list of free foreclosure listings will be posted after the recording day. Once the lender has obtained an motion to file the Notice of Election and Demand, the free foreclosure list moves to what I will describe as the pre-foreclosure after the recording day. Now, many things change when you are getting a foreclosure list that is within this particular period of time. It is an important detail to know simply because legally, from state to state, what you can do to address the homeowners money problems at this stage of time differs considerably. This is the 2nd kind of free foreclosure list that you are going to come across.

List 3: The Free Foreclosure List At The Sale

Another listing is what I would call the sale date foreclosure list. It is the list with properties schedule for foreclosure by the public trustee or county. This foreclosure list is available at the moment in time when the lender has gone through the entire process and gone through their alternatives other than foreclosure but now the foreclosure is becoming virtually unavoidable. There is a date set with the county and the house is actually going to be sold at the foreclosure sale. This free foreclosure list is really in that period following the recording day but before the exact foreclosure date.

List 4: The Free Foreclosure List After The Sale

Finally, the 4th free foreclosure list you will find, and you will find these free foreclosure listings located in just about every city in the United States, is after the foreclosure sale itself. This list is called bank owned properties or even REO. So the fourth free foreclosure listing category that you will find are bank owned properties. The actual foreclosure has occurred and now the properties are owned by the lender.

And so if you are searching for free foreclosure listings, these are the 4 various kinds of free foreclosure lists that are available that you can get your hands on. Use this knowledge to find significantly discount houses that you can buy for good real estate investments.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

Two Sides Of Buying Foreclosed Property

Now lets consider a few of the things an individual will want to take into consideration buying foreclosed houses and just how HUD foreclosure listings impact just what you do. Essentially, I am only planning to separate your buying foreclosed property work in two distinct pieces. On one part of the time you can complete research and on the other side of your effort you will in fact prepare offers and acquire bargain-priced foreclosed houses.

Now, for you to tackle your HUD foreclosure listing research and then actually locate foreclosed houses, you can complete a few important things. An individual could devote a substantial amount of energy searching the internet to find foreclosed houses by yourself, you could register for expensive HUD foreclosure listing providers and an individual could build a new partnership with a professional agent who comprehends buying foreclosed property.

Obtaining HUD Foreclosure Listings

There are really some upsides and downsides to each one, therefore we will mention each one quickly. On the one half is the complimentary list option but that requires quite a lot of hands-on effort and hard work to accomplish all of the foreclosed property research by yourself. In the event that you happen to be new to the techniques of buying foreclosed houses it is going to take even more effort and it is likely to get confusing. On the flip side, the membership process is acceptable but it can easily become expensive. Again, when a person is not knowledgeable with buying HUD foreclosed listings, it can certainly be a good deal of lost time and effort and in the end you may need to get in touch with a real estate agent to guide you. Therefore, I believe you may as well do it for no cost along with the help of a HUD foreclosure listing specialist broker right from the beginning.

My best suggested technique is certainly to make contact with a nearby agent that includes practical experience working with foreclosed houses and HUD foreclosure listings. I am not a licensed agent, so I have no prejudice in expressing this. I am a real estate investor and have determined that the most effective strategy to help you begin buying foreclosed property will be to call a nearby real estate agent and have them guide you in performing your initial research. This will certainly help save you precious time and a great deal of stress.

Making Offers On Foreclosed Houses

Once it comes to preparing offers and buying foreclosed property, there are generally a few things to take into account as well. HUD foreclosure listings include extremely detailed timelines in which you, as a real estate investor, are not able to make offers on the foreclosed houses. You have to wait for what is recognized as a HUD owner occupied period to expire prior to making your initial offer. While in this specific length of time only somebody that intend to live in the property may actually write an offer. As the real estate investor buying foreclosed property, you are required to wait for that time to end.

The most effective approach to keep track of all of this is for you to get with a local broker that can easily log into the actual local multiple listing service, equally referred to as the MLS, and check out the HUD foreclosure listings updates. They will be able to assist you with research, organizing your timelines and the state of each HUD foreclosure listing together with managing the timeline so you comply with all the regulations. I hope this will help you understand how to buy foreclosed property and provides you a decent boost to locate profitable HUD foreclosure listings.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your 100% free copy right now to learn how you can quickly wholesale real estate without cash, credit or risk.

Every free foreclosure listing and every free foreclosure list is potentially a little different. And, there are essentially four different types of free foreclosure lists that you will find once you start searching.

One of the most important things for you to understand when you find your list is what type of free foreclosure list you have. This is important because the laws change depending on what list you are looking at. So, let me just jump right in and teach you the four different types of free foreclosure listings that you are going to find.

List 1: The Free Foreclosure List Before The Filing Date

The first free foreclosure list is what I would call pre-foreclosure before the filing date because the houses on this list are essentially listed before the initial foreclosure filing is done. There has been no paperwork filed by the bank at this time. The owners of the house might be behind on their payments and things are probably not looking very good financially for them but they are not to the point of having the Notice of Election and Demand actually filed. This is one of the types of free foreclosure lists that you are going to find in your search.

List 2: The Free Foreclosure List After The Filing Date

The second list of free foreclosure listings are listed after the filing date. Once the bank or mortgage company has taken an action to file the Notice of Election and Demand, the free foreclosure list moves into what I would call a pre-foreclosure after the filing date. Now, a lot of things change when you get a foreclosure list that is in this particular time frame.

It is an important thing to know because legally, from state to state, what you can do to solve the owners financial problems at this point in time varies dramatically. This is the second type of free foreclosure list that you are going to find.

List 3: The Free Foreclosure List At The Sale

The third list is what I would call the sale date foreclosure list. This is the actual list of houses schedule for foreclosure by the county. This foreclosure list is available at a point in time when the bank has moved through this whole process and gone through all of their options other than foreclosure but now the foreclosure has become nearly inevitable. There is a date set with the county and the property is actually going to be sold at the foreclosure sale. This free foreclosure list is actually in that time frame after the filing date but before the actual foreclosure date.

List 4: The Free Foreclosure List After The Sale

Finally, the fourth free foreclosure list you will find, and you will find these free foreclosure listings in just about every city across the country, is after the foreclosure sale itself. This list moves into what is known as bank owned properties or REO. So the fourth free foreclosure listing group that you are going to find are bank owned properties. The foreclosure has occurred and now the properties are owned by the bank.

So if you are looking for free foreclosure listings, these are the four different types of free foreclosure lists that are out there that you can get your hands on. You can use this information to find greatly discount houses that you can buy for good real estate investments.

Rob Swanson is the editor of Wholesaling Newsletter. Claim your FREE copy today and learn how you can quickly find the cheapest real estate deals and flip houses without cash, credit or risk.