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Old 08-25-2012, 04:51 AM
Location: Middlesex
1,292 posts, read 2,081,097 times
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would regular realtors like Coldwell Banker, Prudential, Raveis, etc be good sources for up to date foreclosure listings and the subsequent sale thereof? i figured since these guys work off commission they'd be reluctant to handle a property that's being sold for much less than it's worth (in some cases). i also know there a lot of online sites out there that have listings but they want to gouge you for $40/mo for the privilege of looking at details of a property which i don't want to do. any ideas?
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Old 08-25-2012, 07:12 AM
4,787 posts, read 8,754,839 times
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If a property is listed for sale through the multiple listing service, then you can find it on the internet. Virtually all listings from lender owned properties are.

You can use any realtor site, or better yet, trulia.com, homes.com, realtor.com, zillow.com, etc.

What they don't have is a section for foreclosures alone, so you'll just have to read through the listings and find the foreclosures. However, since foreclosures are usually listed below market value, they're often toward the lower range of home prices for any particular town.

Those sites, particularly ones like trulia.com will also let you search for closed sales. Most foreclosures are handled by real estate agents who are foreclosure specialists, that is, they deal primarily with a particular lender to sell its inventory.

.I wouldn't worry to much about what other properties something sold for. You won't be dealing with the typical seller. You're going to be dealing with clerks in a foreclosure department of some lender who may be thousands of miles away. They only care about their bottom line for that particular home.
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