Frequently Asked Questions
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This list is free, right?
Bank-Foreclosure-Homes.com is a free service that provides potential home buyers like you with up to date information on what homes are available in your area. These lists are provided by a local real estate professional that knows the local market and understands the trends in the area. They provide these lists to you for free and with no future obligation.
What is a real estate owned property or bank foreclosure?
Technically, they are the same thing. These are properties that have been acquired by a lending institution or a bank because the owners of the property did not keep up with the payments. Lenders take back the properties that were collateral on the loans when the loan is in default. Owners default on loan payments for a variety of reasons.
Are there foreclosures available in my area?
Chances are the answer to that is, "Yes". But, depending on the lender that has the home, the market conditions, the conditions of the home, and a host of other factors, the home may not be advertised. Filling out the form on this site will put you in contact with a local real estate professional that will help you determine if a foreclosure is right for you and how and where to find them quickly and easily.
How can I get a list of foreclosures?
Filling out the form on this site will put you in contact with a local real estate professional that will help you determine if a foreclosure is right for you and how and where to find them quickly and easily. They can supply a list of property that meets your needs and answer any questions you may have about either those properties or other factors you may need along the way.
Do I have to work with a real estate professional?
The short answer to this question is, "No". But, buying real estate is a tricky process and can be quite complicated. Whether it's a foreclosure, pre-foreclosure, auction, REO or traditional transaction, a good amount of experience is required to ensure that it is done right. You are not required to hire or work with an agent or broker to buy foreclosure properties. However, we don't recommend that you go at it alone. It's a lot of work, which can become overwhelming and confusing if you do not have time or experience at your disposal. In some cases, dealing with lenders directly is a painful process that should only be handled by someone with a wealth of negotiation experience and knowledge of local real estate law. A savvy local real estate professional can become a very important member of your team, finding, negotiating and closing the best deals possible with your best interests in mind.
What should I be aware of in looking at foreclosures?
You must remember that any foreclosure is being sold in "as is" condition. That means that neither the owner, the lending institution, the real estate professional either party in the sale uses, etc, is required to do any repairs, maintenance, or upkeep on the property. You should automatically be aware that the property will require a financial infusion to bring it up to livable condition, whether that be you yourself doing the work or a professional contractor hired at your expense. It is incredibly important for you to have arranged financing prior to the attempt to purchase a foreclosure. This gives you bargaining power and a position of financial strength in a competitive market.
Why do I have to give my name and phone number?
We will only provide that information to one local real estate professional that will contact you directly and schedule a time to speak with you about the potential purchase of property. You will not be spammed.
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List-of-foreclosures.com is completely customizable and is the most accurate way to search your local market for foreclosures and bank-owned homes!! List-of-foreclosures.com will connect you with a local real estate professional that specializes in the area you want to buy your home. These professionals can provide you with a completely customized list of bank-owned homes based on the criteria that you set forth. Whether you are a new home buyer, first time buyer, or a real estate investor, List-of-foreclosures.com is completely FREE! There is NEVER any fee and no obligation to buy!
What People Are Saying About Bank Foreclosure Homes
There was lot of talks doing the round about the foreclosure market. Foreclosure properties were being projected as the best of investment opportunities. However, I was a bit skeptical and had no idea where to begin. I turned to internet and landed on findbankforeclosure.com. Just a few points and clicks later, I had an agent contact me with detailed information about hundreds of properties. I was amazed, but could not believe what I was seeing. Further communication with the agents had me completely blown. I soon landed on a property, I could not resist. The price was amazing and the property, luring. Thanks findbankforeclosure.com and their agents.
- Joe F.
I never felt I could provide my kids a summer beach house. I grew up having one, which my parents have retired to today, but the cost of waterfront property was so high I assumed I would never be able to afford. Incidentally I stumbled upon your site and man, I have one now! Your foreclosure listings helped me find the perfect beach gateway at an amazing price. I sold my house and got a bigger one for a lot less money than I thought it would take, all because of your website. Thanks findbankforeclosure.com. Thanks for fulfilling my dream.
- Bryce J
I was quite addicted to stock market and lost a lot of money in the financial turmoil. My financial advisor told, the safest of volt to put my money in is Real Estate. I was not sure how I can handle it, but than I realized if I purchase a foreclosure property, I can become a landlord. High quality Foreclosure properties are available for lower cost and by renting it out, I would have someone paying mortgage and that is exactly what I did. The agents at findbankforeclosures helped me get one, and I am literally watching my money appreciating every month!!! And the property that I got had built in equity, now that surely is an incredible bonus. Great job and thanks, I will tell everyone I know about your services.
- Paul A.
Need Assistance in Completing Your Request?
Please call 1-800-778-1455 to speak with one of our customer service representatives.
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