How To Find Foreclosures part 2

In this post I will go further with my previous post on how to find foreclosures in any type of market.  In my first post I gave you a couple of places where you could look for foreclosures and I will give you a few more in this one.

Asset Management Companies can be a great help in your quest for a good foreclosure.  Some lenders hire these companies to handle foreclosures on the lender’s behalf.

For example, many subprime mortgage companies use HomeEq Servicing.  Two other asset management companies you could contact are Premiere Asset Services and Keystone Asset Management.

Another possible information source for foreclosures are government agencies.  Some of these government agencies require you to retain the services of a real estate broker to make an offer to purchase, others will let you submit offers on your own:

HUD (Housing Urban Development foreclosure homes), Fannie Mae (foreclosure homes), Department of the Treasury (homes seized by the International Revenue Service) and SBA (Small Business Association).

Also web-based foreclosure companies are a great source of information.  They do charge a fee for providing you with a list of foreclosure properties, the reason behind this (according to them) is that it takes time, trouble and expertise to locate and assemble accurate national foreclosure lists.

You may find it is worth to let Foreclosure.com find them for you.

So if you are looking for a great deal on a house, you should really check out these places for information on foreclosed homes in the neighborhood you are willing to buy.

You never know your dream house might be amongst them.  Now that you know more about how to find foreclosures, take the next step and get information from at least one company.