Thursday, February 28, 2013

How can I find foreclosed property owners such as ... - Zillow Real ...

If you're asking how to find foreclosed properties to purchase, they are normally listed on the local MLS just like any other property. Athough the seller is a bank, they normally hire?a real estate agent to market and sell the property for them, and the process is very similar to a standard sale.

If you are talking about purchasing a property that is?being foreclosed on, but you want to purchase it?before the bank takes ownership, then you need to go to the auctions. The banks set auction dates for properties that are in default.The auctions typically happen on the steps of the county courthouse. Normally, you pay all cash, and you are unable to do any inspections, etc. You must do all your due diligence prior to the auction date including liens on title, past due taxes, etc. You can get lists of properties that will come up on the auction block through title?companies.?

If you're asking how do you determine?the owner of a foreclosed property, then you can pull up public records online (you may have to subscribe to a site) and it will give you the name, and possibly contact info, of the property owner.

Hopefully, I came close to answering your question.

Source: http://www.zillow.com/advice-thread/How-can-I-find-foreclosed-property-owners-such-as-banks-etc/480676/

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