Finding Pre-Foreclosures. Finding pre-foreclosure homes is possible through a variety of avenues and channels in the local market. Lenders have foreclosure lists and short sale possibilities available through loss control officers. Real estate agents also have options available to you.
It is more common to buy a foreclosure directly from the bank in a bulk sale purchase. In bulk sales, the banks will package a bunch of properties into one transaction and sell them all at once to one entity. That is the best way to buy a foreclosure if you can afford it because the discounts are typically the steepest.
Shopping for foreclosure homes and pre-foreclosures is a great way to be able to afford a new home for your family at a much better price. Owners sell pre-foreclosures cheap to get out of trouble fast, and lenders sell foreclosures even cheaper because they don’t want to have the property on their hands.
Search 12986 foreclosed homes for sale and mls listings. view listing. This property is in initial default, also known as Pre-Foreclosure. The homeowner of.
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How to find pre-foreclosures not listed in the MLS? Asked by Richard, Simi Valley, CA Thu Nov 12, 2009. I see several homes in pre-foreclosure status and auction status that are not listed on the MLS? All these should be short sales I guess. How can I know about these and put an offer on a short sale?
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Pre-foreclosures are a great option for first-time home buyers.. as “distressed,” the buyer, whether auction, short sale or in a pre-foreclosure sale, is a “savvy investor.. Additional advantages of pursuing pre-foreclosure properties include:.
The number of foreclosures filed in Southwest Florida rose again last. Loan officers initially told her she would have to pay a $5,600 pre-payment penalty, and Trafford accepted that. Then her loan.
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