How Can I Find Foreclosed Properties?
August 28th, 2008 By Peter G. Miller
Much discussion is given to foreclosures and REOs (“real estate owned”), especially on late-night television and various Internet sites where — it is explained — you too can make a fortune in foreclosures.
Foreclosed homes are typically sold “as is.” This means there are no warranties as to condition. As well, buyers should look into various issues, including — but not limited to — financing, the form of title, redemption rights, and the rights of junior lien holders.
As a place to start, take a look at RealtyTrac. It has an enormous number of listings from a huge range of sources, data, educational information.
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