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Auctions Real Estate Foreclosure Article
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Free Real Estate Foreclosure Listings
from:If you are like most people, you may not quite trust the word “free” anymore. However, when it comes to foreclosure listings, there really are ways to get free real estate foreclosure listings. You might think you have to join a special real estate foreclosure club or get listings through third-party online websites that compile this information, but it's not true. You can generate free real estate foreclosure listings right from the privacy of your own home – if you now where to look.
The Newspapers
Your local newspapers will have information in the Public Notice section of upcoming foreclosure sales. You can either subscribe to multiple local newspapers or you can check them out at the local library for free. This won't give you all the information you need to bid on a property, but it will allow you to start building free real estate foreclosure listings to research for potential bids down the line.
The Public Records
Searching the public records is free. If you are trying to search multiple states, you can check online to see if their records are searchable online. In this modern age where you can find public records online, you don't even have to waste gas money to start building free real estate foreclosure listings from the privacy of your own home. Some public notices of foreclosures also include the tax lien information on the record too, making your search that much better.
Let Them Come To You
If you are an investor that has a proven track record of buying foreclosures, then you might want to get a local real estate agent to do some of the leg work for you. They end up getting 6% of the sales, but typically it's the seller that pays their commission, not the buyer. So, why not put the word out to someone who understands what you are looking for so they can help you locate foreclosed homes or REO (real estate owned) properties. It may not be free for the realtor, but it should be free for you and you get the added advantage of seeing items that may be in the MLS that don't show up elsewhere.
Being Frugal
While being frugal and getting free real estate foreclosure listings has obvious appeal, you don't want to waste too much time compiling lists that you can buy for very little through a third party. Always check the time costs versus savings benefit to see if it makes sense to get free real estate foreclosure listings by doing some upfront work yourself, or whether it pays to someone else do it for you.
Auctions Real Estate Foreclosure News
Fifth real estate investor pleads guilty to rigging foreclosure auctions
MOBILE, Alabama -- A local real estate investor last week became the latest businessman to acknowledge guilt in a years-long conspiracy to rig foreclosure auctions to artificially depress prices by limiting competition.
Read more...Mobile real estate investor to plead guilty to bid rigging, mail fraud at foreclosure auctions
A Mobile real estate investor has agreed to plead guilty and to serve one year in prison for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions, according to a Department of Justice press release.
Read more...Real estate investors plead guilty of rigging auctions
Two real estate investors who do business in San Mateo County have pleaded guilty to mail fraud and rigging public foreclosure auctions outside the Redwood City courthouse by agreeing not to bid against each other, according to the Department of Justice.
Read more...Mobile investor to plead guilty in foreclosure auction bid-rigging scheme
An Alabama real estate investor has agreed to plead guilty in a scheme to rig bids at public foreclosure auctions, federal prosecutors said recently.
Read more...I-Team: Lawsuit Claims Conflict of Interest in Real Estate Auctions
Investors decide the future of Las Vegas homeownership underneath a downtown carport, trading millions of dollars and dozens of homes every weekday. But a lawsuit claims those at the top of the group running the auctions may have a conflict of interest that violates state law.
Read more...