Easy Ways to Find Free Foreclosure Listings

Totally free foreclosure lists are one straightforward method to obtaining discount houses. No matter if you are looking for fix and flip properties, rental properties or even countless other pretty really good actual estate purchases, cost-free listings are superb procedures to begin your investigation. When you are searching for your lists, there are a few items you have to think about so that your efforts pay off. Every single free foreclosure listing as well as each and every foreclosure list is potentially a small numerous. And, you will uncover basically four kinds of free of charge foreclosure lists you will come across once you start looking.

The most important thing that you ought to know soon after you find your list is what type of list you'll get. This is particularly essential simply because the laws and regulations vary based on what list you are thinking about. So, permit me to just dive in and teach you the four unique kinds of foreclosure that you will acquire.

List 1: The Zero cost List Before The Filing Date

The initial totally free foreclosure list is what I will call pre-foreclosure prior to the filing date since the houses within this list happen to be posted ahead of the initial foreclosure filing is performed. There is no paperwork recorded by the bank at this point. The homeowners of the household may extremely well be behind on the payments and the situation is most likely not looking terrific in economic terms for them nevertheless they are not to the stage of receiving the Notice of Election and Demand recorded. This is a single of the types of lists that you are going to uncover when searching.

List two: The Totally free List Following The Filing Date

The second listing of foreclosure are listed soon after the filing date. When the lender or has obtained the action to record the Notice of Election and Demand, the foreclosure list goes to what I will describe as a pre-foreclosure soon after the recording date. At this moment, a lot of concerns adjust when you get a property foreclosure list that is within this specific time frame. It becomes an significant thing to know just due to the fact by law, from state to state, what you are in a position do to address the homeowner's money challenges at this point in time can vary significantly. This is the 2nd sort of free foreclosure list that you will find.

List three: The Zero cost List At The Sale

The subsequent listing is what I will call the sale date foreclosure. This is the list with houses schedule for foreclosure by the public trustee or county. This distinct foreclosure list exists at a moment in time when the bank has gone by way of the whole course of action and gone by means of all of their possibilities other than foreclosure but now the foreclosure has turn into virtually inevitable. There is a date fixed with the county and the property is truly destined to be sold at the foreclosure sale. This totally free list is actually in that time period right after the filing date but ahead of the distinct foreclosure date.

List four: The Totally free List Following The Sale

Last but not least, the 4th list you will uncover, and you will acquire these types of absolutely free foreclosure listings throughout nearly every city across the country, is after the foreclosure sale itself. This kind of list is known as bank owned properties or REO. And so, the 4th listing group that you are going to discover are bank owned properties. The actual foreclosure has occurred and now the true estate is owned by the bank.