Regions Bank REO - Places to Find Foreclosure Homes to Buy

If you?re just thinking about making money with real estate foreclosures, you may not even know how to find them. That?s OK; it?s easier than you think. Finding the right deal is the most important step in investing in real estate because the price you pay when you buy determines how much money you will make when you eventually sell the property. Here are a few ways to find great deals on foreclosed properties.

Most banks that offer home loans end up with REO (real estate owned) properties, and most of these properties are listing right on the bank website. For example, Regions Bank REO properties are published on their website. You can search for properties in just your home state if you want something local. Many other banks list their real estate for sale online as well.

Going from one bank?s website to the next can be a bit tedious, though, so you might want to try a different way. There are a lot of websites that offer lists of foreclosures online. You might even find free foreclosed homes list if you look hard enough, but most of them are paid services. You can get a pretty good feel for which sites are the best without signing up and paying a fee at every one. Usually, the search feature is functional, but the contact info is just not displayed if you are not a member. Also, most of these websites offer trial memberships, so you can cancel before your trial period expires if you don?t like the site.

You can also search for foreclosures on ordinary real estate listing websites. Since these sites show real estate listings that appear in the MLS, they also show the foreclosure properties that are listed there. Most banks list their REO properties with agents, so their properties will show up in this type of search. However, these sites don?t always indicate which properties are foreclosures, and they may not allow you to search for foreclosed properties only.

Source: http://lunardistance.com/places-to-find-foreclosure-homes-to-buy/

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