Page 23 - Training Manual Port City Realty Updated

How Do I Buy A House? What’s the Best Way To Find a Foreclosure For Sale That’s a Good Deal?
Common Questions
I've been searching the web for foreclosures. There are so many foreclosure sites. Fannie Mae, Freddie Mac and HUD all have their own websites. For a small fee you can get foreclosures lists from some of the sites. Other sites, for a small fee you can join and search from all these different sources at once. I don't want to waste my money so I need to know how to get the best search for me money? Where can I get the most complete list of active foreclosures?
Answer
Believe it or not the most complete list of active foreclosures is available for free! Fannie Mae, Freddie Mac and HUD all now list their properties with local Realtors. Also most other banks, mortgage companies and asset companies list their foreclosure properties with local Realtors. Local real estate sites are the best resources to find the most foreclosures. Local sites have a link that is fed directly from the local Multiple Listing Service (MLS). You can search and/or you can also set up automatic searches so you get an email every time a new foreclosure becomes available.
The other thing you can look for while searching the local sites is for a local Realtor that is very knowledgeable about the foreclosures market. Having a knowledgeable Realtor, that works with foreclosures, can really be the best thing asset you can have.