Search Foreclosures
Many websites now feature searchable listings of HUD, VA, and other foreclosed properties. However, the best way to get personalized service for searching for these types of properties is to work with a real estate agent.
Searching for a foreclosed property doesn't need to be a time consuming task. You may find that a few of your local real estate agents already have lists of HUD and VA homes in your area, and all you need to do is ask. The main benefit of working with a real estate agent is that they can help tailor the list to your particular needs and wants.
Real Estate Search Engines
The smart way to use the on-line lists of properties is as a guideline as to what is available in the market. The best site for this is probably RealtyTrac.
RealtyTrac is used by everyone who wants to save a lot of money buying real estate. This includes both first time home buyers as well as investors. RealtyTrac is a service that researches and compile distressed real estate data for businesses, investors and consumers.
Pre-foreclosures, bank owned properties, and government properties can be accessed directly from their web site, or from one of their partner's sites.
RealtyTrac does require a paid subsciption to use their service, but compared to the savings you could realize from buying a foreclosed property, the fee is negligible. They do offer a free trial for 7 days.
