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 :
Australian authorities have seized property in north Queensland owned by Papua New Guinean businessman Eremas Wartoto, who is wanted for the alleged misuse of millions of dollars in PNG government funds. Publ.Date : Mon, 13 May 2013 22:08:15 -0700
A controversial Papua New Guinean businessman denies he had been hiding in Australia to avoid charges of misappropriating millions of dollars. Publ.Date : Tue, 21 May 2013 05:07:50 -0700
A Brisbane court has ordered the seizure of assets in north Queensland linked to wanted PNG businessman Eremas Wartoto. Publ.Date : Mon, 13 May 2013 21:21:53 -0700
Federal authorities have seized almost $6.8 million from bank accounts of an area physician. They said Dr. Raymond Sean Brown has submitted false Medicare claims. Publ.Date : Sun, 19 May 2013 19:18:36 -0700
Northern Territory police have conducted a series of raids on Groote and Bicketon Islands, as part of an ongoing investigation into alleged fraud at an Aboriginal land trust. Publ.Date : Thu, 02 May 2013 03:50:02 -0700
THE prosecutor general has taken the first step towards getting property belonging to two former Namdeb employees who are suspected of having been involved in illegal diamond dealing forfeited to the State. Publ.Date : Mon, 20 May 2013 22:48:44 -0700
Prosecutors claim Christopher Whitman defrauded the government out of millions of dollars through shipments from the Albany Marine Corps Logistics Base. In a civil complaint for forfeiture, Assistant U.S. Attorneys are asking a Judge to allow the government to seize 122 properties. Publ.Date : Thu, 09 May 2013 15:50:19 -0700
India, May 8 -- The Nashik anti-corruption bureau (ACB) on Tuesday summoned public works department's executive engineer Satish Chikhlikar's wife for questioning.ACB sources said 70% of Chikhlikar's properties, estimated to be worth around Rs. 15 crore, are registered in his wife's name. The others are in the name of his father and brother-in-law. ... Publ.Date : Tue, 07 May 2013 11:30:00 -0700
Agartala, May 8 (IANS) The Left Front government in the northeastern state of Tripura has decided to ask the CBI to probe the illegal activities of the non-banking financial companies (NBFCs) in the state, ... Publ.Date : Wed, 08 May 2013 00:29:13 -0700
Agartala, May 11 (IANS) The Tripura government has launched a crackdown against Rose Valley, one of the biggest chit fund companies in eastern India. Two executives of the group have been arrested and ... Publ.Date : Sat, 11 May 2013 02:41:44 -0700
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Property Foreclosure Auctions Live News
Updated :
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and U.S. Steel Publ.Date : Tue, 14 May 2013 05:33:42 -0700
Foreclosure filings were reported on 8,202 Southern California properties in April, down 23 percent from March for the five-county region, and a 61 percent drop from the level reported for April 2012, ... Publ.Date : Wed, 08 May 2013 21:01:00 -0700
Indicating the marginal revival of the housing market, the foreclosure market report -- released by RealtyTrac -- revealed a consistent fall in the overall foreclosure activity in Apr 2013. Publ.Date : Mon, 13 May 2013 12:42:27 -0700
Foreclosure Activity Falls Again - Analyst Blog Publ.Date : Mon, 13 May 2013 13:14:01 -0700
RealtyTrac® , the leading online marketplace for comprehensive housing and real estate data, today released its Oklahoma Foreclosure Market Report™ for April 2013, which shows foreclosure filings -- default ... Publ.Date : Wed, 08 May 2013 21:01:00 -0700
Cerberus Capital Management LP is entering the booming market for single-family homes to rent, planning to lend billions of dollars to investors too big for government programs and too small to get Wall Street funding. Publ.Date : Thu, 09 May 2013 04:25:38 -0700
PoliceAuctions.com, known for their listing of police auctions and government auctions, is now listing over 3.1 million foreclosed properties on their website. (PRWeb May 09, 2013) Read the full story at http://www.prweb.com/releases/2013/5/prweb10715180.htm Publ.Date : Thu, 09 May 2013 01:06:36 -0700
ORLANDO, Fla., May 22, 2013 /PRNewswire-USNewswire/ -- Florida's housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a lower inventory of homes for sale in April, according to the latest housing data released by Florida Realtors®.(Logo: http://photos.prnewswire.com/prnh/20110314/DC64568LOGO)"Buyer demand is rising, but the inventory ... Publ.Date : Wed, 22 May 2013 08:05:00 -0700
Foreclosure activity declined in April from a year earlier, although default notices and courthouse auctions were up a bit in several Bay Area counties, ForeclosureRadar reported. An improving economy and government foreclosure assistance programs have seen foreclosure sales drop 40 to 70 percent from a year ago in Alameda, Contra Costa, San Mateo and Santa Clara counties. Publ.Date : Tue, 14 May 2013 15:36:37 -0700
RealtyTrac® , the leading online marketplace for foreclosure properties and real estate data, today released its U.S. Foreclosure Market Report™ for April 2013, which shows foreclosure filings -- default ... Publ.Date : Wed, 08 May 2013 21:01:00 -0700
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