Bank & Property Foreclosure Auctions
Visit the Sites that Scored Best Now: (Reviews below)
Foreclosures 1st Choice: RealtyTrac & 2nd choice:
GovernmentAuctions.org
* See Foreclosure Listings now? Foreclosure
Listings
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.
Pre-foreclosures are
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.
Tax
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.
What's important
here? The most important criteria in selecting one of
these sites are
1) Number of Listings; do they have plenty of
listings?
2) Current Listings; do they have the most
up-to-the-minute information from banks & sellers?
3)
Detailed Contact, Property and Area Information; do these sites
give you the right information to compare properties and make
informed profitable decisions?
------------------------------------------------
Reviewed: RealtyTrac
Rating: 10 of
10
BONUSES
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!
Listings
- 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,
NorthEast,
Central,
SouthWest,
SouthEast.
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
sell.
Detailed
Property & Neighborhoood Information such as:
- Interactive map interface; multiple property
pictures
- 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
Contact/Property
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
listed.
Section on evaluating the current and potential resale
property value
Bonus - Some Helpful Unique
Extras
- 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
property value
- Education Center on how to profit from foreclosures
- Free email alerts to get first notice of best property foreclosure auction
offers
- Free access to your credit score to calculate your borrowing
leverage
- Free issues of Foreclosure News Report (voted best Newsletter by the Association of Real Estate Editors) and free Monthly Bank Foreclosure Auctions Reports
Price: FREE membership with this form -> Realty
Trac FREE Membership.
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.
------------------------------------------------
Reviewed: GovernmentAuctions.org
Rating: 8.8
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
over.
Price: FREE GovernmentAuctions.org Limited Time Membership
Even if you cancel your membership and pay nothing, keep the $400 Resort Voucher and these included
Bonuses.
GovernmentAuctions.org did
not engage in any of the shady or questionable practices we've seen
on many of the sites.
Seized Properties Live News
Updated :
The auction of several Zimbabwe government owned properties in South Africa, seized to pay back South African farmers and a German bank, has been postponed, after the government challenged the legality of the sale.
Publ.Date : Wed, 28 Jul 2010 03:21:02 -0700
More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream.
Publ.Date : Fri, 30 Jul 2010 13:00:25 -0700
What's Your Reaction? LOS ANGELES Armenian-American lawyers filed a federal lawsuit Thursday against the Turkish government and two banks seeking compensation for the heirs of Armenians whose property was allegedly seized nearly a century ago as they were driven from the Turkish Ottoman Empire.
Publ.Date : Thu, 29 Jul 2010 20:06:44 -0700
The lawsuit claims more than a million Armenians were killed in forced marches, concentration camps and massacres perpetrated by Turkish officials and armed forces.
Publ.Date : Fri, 30 Jul 2010 01:24:35 -0700
Armenian-American lawyers filed a federal lawsuit Thursday against the Turkish government and two banks seeking compensation for the heirs of Armenians whose property was allegedly seized nearly a century ago as they were driven from the Turkish Ottoman Empire. Ottoman Empire - United States - Armenian American - Armenian - Ethnicity
Publ.Date : Fri, 30 Jul 2010 06:57:59 -0700
Equipment seized during police raids on four Palmerston North houses will make a sizeable dent in a large-scale drug operation.
Publ.Date : Thu, 29 Jul 2010 18:16:13 -0700
The last that Asil Nadir saw of England was the glinting village lights of Compton Abbas, Dorset, out of the small window of his Piper aircraft, as he fled the country in the middle of the night 17 years ago.
Publ.Date : Fri, 30 Jul 2010 16:19:03 -0700
The share of homes empty and for sale, known as the vacancy rate, was 2.5 percent, matching the year-earlier period and down from 2.6 percent in the first quarter, the Census Bureau said. The homeownership rate fell from 67.1 percent in the first quarter, the third straight decline. The rate reached a record high of 69.2 percent in the second and fourth quarters of 2004.
Publ.Date : Fri, 30 Jul 2010 22:08:04 -0700
Two new sites -- the Central Highlands of Sri Lanka and the Papahānaumokuākea islands and atolls in the United States -- have been inscribed on the World Heritage List, UNESCO said today.
Publ.Date : Sat, 31 Jul 2010 17:43:56 -0700
Former deputy prime minister John Prescott privately harboured doubts about the intelligence used to justify the invasion of Iraq in 2003, he disclosed today.
Publ.Date : Fri, 30 Jul 2010 09:25:05 -0700
Property Foreclosure Auctions Live News
Updated :
Atlanta homebuyers have spent nearly $70 million on local area foreclosures this year at REDC auctions.
Publ.Date : Mon, 26 Jul 2010 21:00:00 -0700
Nearly 4 percent of homes in the Miami metro area received a foreclosure notice during the first half of 2010 The Miami metro area Palm Beach, Broward and Miami-Dade counties still leads all regions with a total of 94,466 homes in some stage of foreclosure from January through June.
Publ.Date : Wed, 28 Jul 2010 21:34:19 -0700
The US housing market is still in a gaping hole, despite the assurances given by a timid rise in the yesterday's resale numbers. All is not well; the market players are just at one fell swoop.
Publ.Date : Mon, 26 Jul 2010 22:18:47 -0700
Mansions and half-million-dollar foreclosures highlight auction
Publ.Date : Sat, 24 Jul 2010 21:00:00 -0700
The millions of dollars spent this year on Atlanta area foreclosed properties grew by $5.9 million on Saturday as REDC, the nation's leading real estate auction company, auctioned 128 foreclosures before a crowd of 335 at Georgia International Convention Center.
Publ.Date : Sun, 25 Jul 2010 14:05:51 -0700
Watch Video [...]
Publ.Date : Sun, 25 Jul 2010 03:07:10 -0700
Bank of America is using the Inland Empire as a testing ground for a novel type of home auction that could help thin out the lender's inventory of foreclosed houses while revitalizing community neighborhoods.
Publ.Date : Thu, 22 Jul 2010 18:31:39 -0700
The foreclosure quagmire continues.
Publ.Date : Thu, 29 Jul 2010 14:35:45 -0700
The number of homes facing foreclosure dipped slightly in some Chicago's suburbs in the first half of 2010, compared to the last half of 2009, but were considerably higher than totals from the first half of 2009, according to data compiled by the Woodstock Institute.
Publ.Date : Thu, 29 Jul 2010 02:17:32 -0700
The deadline for calendar items is two weeks prior to the desired publication date. Send information on clubs, lectures, community events, religious events, reunions, support groups and singles to: Community Calendar, Evanston Review, 3701 W. Lake Ave., Glenview IL 60026; fax to (847) 486-7451 or e-mail to evanston@pioneerlocal.com.
Publ.Date : Thu, 29 Jul 2010 04:28:27 -0700
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