Bank & Property Foreclosure Auctions
Visit the Sites that Scored Best Now: (Reviews below)
Foreclosures 1st Choice: RealtyTrac & 2nd choice:
* See Foreclosure Listings now? Foreclosure
Bank Foreclosure Auctions and Tax Sale Properties offer a way to acquire their homes at incredible prices, sometimes saving as much as 30% to 90% on the price of their home.
For first-time buyers or investors looking to profit from
buying, renting out or
flipping real estate, foreclosures,
preforeclosures and tax sales are the answer.
homes or property that are about to go into foreclosure. This is
where some of the best deals can be made, before they
are seen by every real estate broker and buyer on the planet.
These are generally negotiated directly with the owner, who is eager
to avoid the hassles of foreclosure.
lien and tax deed tax sale properties are also very lucrative investments. Tax liens certificates are risk free and simple because you don't actually take ownership of a property or home. Instead you provide a homeowner a loan, at a good interest rate, so they can pay their land taxes. It's risk free because if for any reason that homeowner defaults on any part of the loan you take immediate ownership of the house. This is how low-middle income people retain nice homes/properties with only a $1,000-$5,000 investment. Expired Tax Liens and Tax Deeds also cover defaulted land taxes, but the difference is you retain the home/property immediately. Further details can be found in the article Tax Sale Properties.
here? The most important criteria in selecting one of
these sites are
1) Number of Listings; do they have plenty of
2) Current Listings; do they have the most
up-to-the-minute information from banks & sellers?
Detailed Contact, Property and Area Information; do these sites
give you the right information to compare properties and make
informed profitable decisions?
Rating: 10 of
RealtyTrac is considered to be the gateway
into the property foreclosure auctions industry. In fact they provide most of the foreclosure statistics to the media (such as CNBC and CNN). It's not just Realty Trac's 1.9 million plus pre-foreclosure, foreclosures, tax sale properties (tax
liens and tax deeds described above), FSBO, and Resale MLS that make it appealing. It's also their ability to focus on providing appropropriate property data that
allows you to understand the current and potential value of a property, as well as point out any possible red flags. This site is so thorough with relevent foreclosure information many investors buy properties based on this unbiased information. RealtyTrac also provides complete 'buying foreclosures' training/mentoring with daily foreclosure email alerts, so you're aware of the best deals first!
- With a large property listing (<- click to
see their listings) of 1.9 million (1.5 million foreclosures)
combined with it's depth of relevent, easy access
information, make it America's most visited property foreclosure auctions site. An
interactive map allows bird's eye property viewing, then drill down for detailed pictures.
To see photos of sampled listings (1 house for $1,000
in NE, and 9 under $11,000) click NorthWest,
This site is so well respected it's one of realtors first choice
for listing properties and matching price conscious home
buyers. There is also a whole section on how to post your own home for
Property & Neighborhoood Information such as:
Info - When it has details on all houses sold in the
nearby area within the last year well you can guess that
basic contact info will be
Section on evaluating the current and potential resale
- Interactive map interface; multiple property
- Each properties foreclosure details, lien and loan history, historic price trends, comparable listings and sales
- Know property street value and price direction
- Dynamic searching (eg. find 3 bdrm
foreclosures in my ZIP for under $10,000)
- Know neighborhood/county/state price trends over the
last year (click here to see)
- Guide to finding hidden gem neighborhoods with low housing
prices, ready to appreciate quickly
Bonus - Some Helpful Unique
Price: FREE membership with this form -> Realty
Trac FREE Membership.
- Step-by step tutorial of the
foreclosure buying process
- Portfolio Property Management -
Track and compare properties that interest you
- RealtyTrac Agent Network to assist you in your search
- Full home improvement section providing tips on increasing
- Education Center on how to profit from foreclosures
- Free email alerts to get first notice of best property foreclosure auction
- Free access to your credit score to calculate your borrowing
- Free issues of Foreclosure News Report (voted best Newsletter by the Association of Real Estate Editors) and free Monthly Bank Foreclosure Auctions Reports
Even if you cancel membership and pay nothing, keep Foreclosure News and Foreclosure Reports and these included Bonuses, currently sold for over $100.
RealtyTrac did not engage in any of the shady or questionable practices we've seen on some sites.
of 10 BONUSES
Government Auctions is a one-stop-shop
site which consistently has newest listings including
preforeclosures, foreclosures and tax sale properties (tax
liens and tax deeds). It also has
extensive non-government For Sale By Owner (FSBO) lists so you
have the widest range of discounted houses from the widest range of
sources, and never pay realtor fees again.
Listings - More
listings = good; fewer listings = bad. Two types of listings
included. The first is a list of every upcoming real estate auction
in your area from all bankruptcies and government agencies. It has
detailed info on local, state/province, and federal auctions listed
in the US & Canada. The second list or sublist contains every
individual preforeclosure, foreclosure, FSBO (sale by owner) and tax sale properties. We counted over 500,000 property
listings, including banks and FSBO (For Sale By Owner).
Each has property details and most have pictures of the property. If
you're trying to make or save money, and want the largest number of
choices, then this is your one stop dream site. The only reason it is
has been reduced to a 9 from 10 is because it doesn't have the depth
of information per property and foreclosure training/mentoring that foreclosure.com has (see above).
For general foreclosure listing information along with other types of
government auctions for vehicles and merchandise this site remains untouchable.
Preforeclosures and Tax Sale Properties
- Many hidden gem listings here! This is where you can really
do well buying discounted distressed houses, often for under $2,000.
Contact/Property Info - Too many of the auction sites don't provide contact
info; again, these guys get it right. Almost every listing has
direct contact info: name address, phone number, etc.
Bonus - With purchase using any link on this page they are also providing a voucher worth more $400 for a 3 day stay in one of any 60 Resorts in the US, Mexico and Hawaii (not a time share promotion or anything like that).
We grabbed ours and used it. This alone paid for our membership many times
Price: FREE GovernmentAuctions.org Limited Time Membership
Even if you cancel your membership and pay nothing, keep the $400 Resort Voucher and these included
not engage in any of the shady or questionable practices we've seen
on many of the sites.
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