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Foreclosure Article
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Free Foreclosure Listings: Where to Look and What to Avoid
from:The Internet is a wonderful place to look for real estate listings for just about any kind of property that you choose to purchase. You may look for brand new homes and property just build, or older homes and residential and commercial property. You may also find pre foreclosure and foreclosure listings as well. However, many of these sites do charge a fee for their listings. Before actually paying for listings for the type of property you desire, why not investigate the myriad of listings that are offered for free.
Anyone in the business of purchasing foreclosure property will already know the value of saving a dollar. Saving yet more money by looking for free foreclosure listings will also become a tool for use in an investor’s foreclosure portfolio. Different websites will offer different free foreclosure listings and many have large databanks to choose from.
Some websites cater to certain geographic locations while others will include free foreclosure listings in all the 50 states.
If you have a particular interest in the states of Florida, Texas, or New York, you may want to check out the free foreclosure listings at: http://www.freeforeclosuredatabase.com/ They do offer a database of free foreclosure listings and pre foreclosure listings for the other states as well.
Some websites will not only offer free foreclosure listings, they will also provide the property records for foreclosure mortgages across the United States. http://www.homemortgageforeclosures.com/ provides, property records, free foreclosure listings, home foreclosures, tax foreclosures, and HUD foreclosures. Homemorgageforeclosures.com adds hundreds of new free foreclosure listings daily. It would be worth your while as an informed investor to check the site daily for new potential personal use or income producing property.
The website www.foreclosure.com specializes in bank owned properties (REO).
Do not mistake www.foreclosure.com, with www.foreclosures.com which is another Internet website that offers auction listings, government HUD listings, pre foreclosure listings, bank (REO) listings, home foreclosure listings and foreclosure law information. They also have a foreclosure dictionary to help you familiarize yourself with the terms. This site offers you information on how to get started and a tutorial to assist you in learning the steps involved for getting the information and the business opportunities that you desire. To add to this repertoire of knowledge is that fact that they have a section on testimonials and websites to avoid. They will show you how to file a complaint if you have been scammed by any website in your foreclosure property search. The downside is that though they do offer free foreclosure listings the grace period ends in seven days, after which you must purchase the listings.
Not only do you have specific websites that specialize in free foreclosure listings you can actually look at a video on the you tube website http://www.youtube.com/watch?v=893QkRxeT3A which will give you a bit of information concerning foreclosures and offer a website which connects you to free foreclosure listings on bank owned real estate (REO).
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Foreclosure News
Fannie and Freddie freeze their foreclosures - New London Day
Washington - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9 ...
Read more...Paulson, Bair clash over helping troubled homeowners - Marketwatch
Treasury Secretary Henry Paulson and Federal Deposit Insurance Corp. Chairwoman Sheila Bair clashed in public over whether to use some of the $700 billion package to aid homeowners at risk of foreclosure. Bair on Friday unveiled a $24.4 billion ...
Read more...Minn.'s First Lady to Join Medical Nonprofit - KAAL-TV
ST. PAUL, Minn. (AP) - First lady Mary Pawlenty will begin working on medical diplomacy next year. Gov. Tim Pawlenty's office says the first lady will become director of medical diplomacy at Children's HeartLink, an international medical nonprofit ...
Read more...Rell calls for foreclosure moratorium - New London Day
A week after Connecticut gained the dubious distinction of having the nation's biggest one-month uptick in foreclosures, Gov. M. Jodi Rell called Thursday for a six-month moratorium on all foreclosure actions statewide. If Rell can convince the ...
Read more...FDIC says foreclosure relief a must - Herald News
BALTIMORE -- FDIC Chairman Sheila Bair said Thursday she is "still hopeful" of using federal bailout money to help homeowners avoid foreclosure. "The issue is whether it's an appropriate use of (Treasury bailout) funds or not, we think it is," Bair ...
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