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Old 01-22-2015, 09:43 AM
 
Location: Grand Rapids, Michigan
2,259 posts, read 4,750,068 times
Reputation: 2346

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Every now and again I'll troll the real estate sites for cheap houses, and I've noticed that a lot, if not all, foreclosed homes for sale don't have an address, only have an aerial pic of the general area, and any information you want you either have to sign up, or pay for a membership to a web site. So why so vague on the information?
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Old 01-22-2015, 10:00 AM
 
Location: Verde Valley AZ
8,775 posts, read 11,901,361 times
Reputation: 11485
Quote:
Originally Posted by topher5150 View Post
Every now and again I'll troll the real estate sites for cheap houses, and I've noticed that a lot, if not all, foreclosed homes for sale don't have an address, only have an aerial pic of the general area, and any information you want you either have to sign up, or pay for a membership to a web site. So why so vague on the information?
I noticed that too, a long time ago, and it's frustrating. I need to see pics! And get more info. The ones I see have a street name but no house number. I am familiar enough with my town that I could drive to any of them fairly easily if I were all that interested.
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Old 01-22-2015, 10:18 AM
 
Location: Salem, OR
15,572 posts, read 40,409,288 times
Reputation: 17468
You are likely looking at homes that have been served with a foreclosure notice, but aren't actually for sale. They are just showing up on listing sites as a way to attract consumers to them.
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Old 01-22-2015, 10:21 AM
 
4,787 posts, read 11,754,293 times
Reputation: 12759
Simple answer. All those real estate websites are running businesses. The purpose of business is to make money. They are not accumulating info and tossing it out to the public just to be nice guys. They have something you want. If you want it, you pay them.

Try wandering around in this website-it's free & it may be helpful.

Homes for Sale/U.S. Department of Housing and Urban Development (HUD)
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Old 01-22-2015, 10:31 AM
 
Location: New York
2,251 posts, read 4,914,131 times
Reputation: 1617
Quote:
Originally Posted by willow wind View Post
Simple answer. All those real estate websites are running businesses. The purpose of business is to make money. They are not accumulating info and tossing it out to the public just to be nice guys. They have something you want. If you want it, you pay them.

Try wandering around in this website-it's free & it may be helpful.

Homes for Sale/U.S. Department of Housing and Urban Development (HUD)

Good Answer - If you want information, you have to pay for it....
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Old 01-24-2015, 11:38 AM
 
Location: Cary, NC
43,265 posts, read 77,043,330 times
Reputation: 45612
Quote:
Originally Posted by Silverfall View Post
You are likely looking at homes that have been served with a foreclosure notice, but aren't actually for sale. They are just showing up on listing sites as a way to attract consumers to them.
This is a good answer.
Slander Sites identify "pre-foreclosures" which may or may not ever be foreclosed.

Additionally, many para-Sites only scrape from MLS's, and some banks do not allow the MLS listing agent to clearly identify a house as a foreclosure, so you may not see it on the scraper site.
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Old 01-24-2015, 01:05 PM
 
4,567 posts, read 10,650,140 times
Reputation: 6730
These foreclosure sites pay individual people for foreclosed home information. These people get the information from many different sources. There is no one source. So these companies pay people to bring them information from all these sources and offer to you at a price. If you pay, you can get all the information you want. If you dont pay, you only get just enough info to tease you.

Pretty simple, fair price.
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Old 01-26-2015, 02:28 PM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,551 posts, read 81,085,957 times
Reputation: 57729
Another reason (hopefully) is to help avoid the scammers that prey upon owners of homes in foreclosures.
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Old 02-04-2015, 11:15 AM
 
Location: Grand Rapids, Michigan
2,259 posts, read 4,750,068 times
Reputation: 2346
ok thanks makes sense now.
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Old 03-28-2015, 11:51 PM
 
948 posts, read 920,290 times
Reputation: 1850
Quote:
Originally Posted by Hemlock140 View Post
Another reason (hopefully) is to help avoid the scammers that prey upon owners of homes in foreclosures.
Probably not. Those people do pay for the information.
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