Mortgages & Creative Financing

How to Find Foreclosure and Pre-Foreclosure Listings

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written
Foreclosures and pre-foreclosures can be great opportunities for savvy real estate investors and others interested in getting their hands on a potential bargain property. That said, before buying a foreclosure, do keep in mind that if you don’t know what you’re doing, you can potentially get yourself in trouble. Other than REOs, foreclosure purchases may [...] View the full article: How to Find Foreclosure and Pre-Foreclosure Listings on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Joanne
    Replied over 12 years ago
    This is a good article on finding pre-foreclosure houses. Its never been easy. Many are quite hesitant on selling their houses.
    Joanne
    Replied over 12 years ago
    This is a good article on finding pre-foreclosure houses. Its never been easy. Many are quite hesitant on selling their houses.
    Joan
    Replied almost 12 years ago
    There are also services available that you can subscribe to receive live data.
    Ying Chen from Brooklyn, New York
    Replied over 3 years ago
    Hi Joan, Where can I find the services? Thank you!
    H F
    Replied over 11 years ago
    Like with anything, when looking for foreclosure bargains the gain is directly related to the effort you put in. As long as you’re in the area in which you are looking for a foreclosure or pre-foreclosure, your best bet is just as the article says – hit up the local county clerk. While the online subscription services do make life easier, don’t expect any real steals from them. That data is often cherry picked by people with deep pockets before it makes its way to the average foreclosure investor. Appreciate the bank resources as well – thats a route I’ve yet to explore.
    Frank Rojas
    Replied over 6 years ago
    H F Comment is good and realistic. About the bank, I will go to my bank, talk to my banker and simply expalin my best intention. Honesty move mountains. Thank you HF again.
    Jean-Joseph
    Replied over 2 years ago
    that is true – very good point
    H F
    Replied over 11 years ago
    Like with anything, when looking for foreclosure bargains the gain is directly related to the effort you put in. As long as you’re in the area in which you are looking for a foreclosure or pre-foreclosure, your best bet is just as the article says – hit up the local county clerk. While the online subscription services do make life easier, don’t expect any real steals from them. That data is often cherry picked by people with deep pockets before it makes its way to the average foreclosure investor. Appreciate the bank resources as well – thats a route I’ve yet to explore.
    Sylvia
    Replied over 11 years ago
    fhanks for the info. Hf, could you tell me about the bank resources you mention?
    John
    Replied about 10 years ago
    Great tip on asset management companies. I’ve never gone down that road before, but I think that’s a winning tip. I’ve always had the best luck online personally.
    John
    Replied about 10 years ago
    Great tip on asset management companies. I’ve never gone down that road before, but I think that’s a winning tip. I’ve always had the best luck online personally. Reply Report comment
    John
    Replied about 10 years ago
    Great tip on asset management companies. I’ve never gone down that road before, but I think that’s a winning tip. I’ve always had the best luck online personally.
    FF
    Replied almost 10 years ago
    I thought those were 5 solid tips to give an investor looking to pickup a property for the first time. I used to frequent the Maricopa County courthouse and assessors Phoenix, AZ Foreclosures shuffling through trustee’s sales, now you can get em online. In fact there is even full operation bid services that will handle the service of actually closing on the real estate considering these are all cash deals.
    Gwen
    Replied over 9 years ago
    I see that your post is from 2006. Funny how 4 years later preforeclosures are still in the background. There is a lot of opportunity to get deals out there, especially with this ongoing crisis.
    Gwen
    Replied over 9 years ago
    I see that your post is from 2006. Funny how 4 years later preforeclosures are still in the background. There is a lot of opportunity to get deals out there, especially with this ongoing crisis.
    david thornton
    Replied about 9 years ago
    i would extra greatly appreciate being taken by the hand to do a foreclosure deal,hopefully in less than 30 days and duplicate it again.i’ll help a newbie. thank you so much for this site i stumbled upon.this lifestyle is my passion. htank you again,god bless.
    Joshua Dorkin
    Replied about 9 years ago
    David – Jump on our forums and you’ll see many people go through the process. Glad you’re enjoying the site!
    david thornton
    Replied about 9 years ago
    i would extra greatly appreciate being taken by the hand to do a foreclosure deal,hopefully in less than 30 days and duplicate it again.i’ll help a newbie. thank you so much for this site i stumbled upon.this lifestyle is my passion. htank you again,god bless.
    david thornton
    Replied about 9 years ago
    i would extra greatly appreciate being taken by the hand to do a foreclosure deal,hopefully in less than 30 days and duplicate it again.i’ll help a newbie. thank you so much for this site i stumbled upon.this lifestyle is my passion. htank you again,god bless.
    Joshua Dorkin
    Replied about 9 years ago
    David – Jump on our forums and you’ll see many people go through the process. Glad you’re enjoying the site!
    Tyshia Huby
    Replied about 1 year ago
    Wow that sounds great that exactly what I’m looking for what state are you from.
    Ted Schmidt
    Replied over 5 years ago
    I noticed that you didn’t list any lead companies as a source of foreclosure leads. There are several companies that put ads on Google and collect leads and sell them to investors, attorneys and other consultants that offer stop foreclosure and other services. Foreclosure leads typically sell for about 20 to 30 dollars per lead. The leads can be purchased exclusively or shared with other service providers. Some vendors sell leads that are more than 30 days old for less than a dollar each. This leads are especially good for investors because the homeowner has already exhausted options of saving the house.
    Ted Schmidt
    Replied over 5 years ago
    I noticed that you didn’t list any lead companies as a source of foreclosure leads. There are several companies that put ads on Google and collect leads and sell them to investors, attorneys and other consultants that offer stop foreclosure and other services. Foreclosure leads typically sell for about 20 to 30 dollars per lead. The leads can be purchased exclusively or shared with other service providers. Some vendors sell leads that are more than 30 days old for less than a dollar each. This leads are especially good for investors because the homeowner has already exhausted options of saving the house.
    Scott Rowsick Realtor from Virginia Beach, VA (Virginia Beach)
    Replied over 4 years ago
    Doesn’t seem easy–and nothing worth having is–but this certainly helps a lot. Thanks for the info!
    Michael
    Replied over 3 years ago
    Asset companies now, in 2016 from what I hear are selling in huge volumes to deep pocket investors that go into hedge funds. I read about this about a year and a half ago. Government is involved. Intention: To rent to own them. Rental income, profit when sold and increased tax revenue for government. Almost a no lose situation for them. Fat cats getting fatter. That simple. Best way is to actually do some work which is going to the recorder office and knowing what to say and the legal process for obtaining the deed from the current owner. If property is IN foreclosure and the home is vacant, do you think the owner plans to redeem? Doubt it. Purchase the deed from them IF you can actually find them. They get money in their hand they didn’t think they were getting AND since mortgage will be redeemed prior to sheriff sale or redemption period expiration, NO foreclosure on their record!! Incentive to sell it to you? I think so. Good luck.
    Michael
    Replied over 3 years ago
    Asset companies now, in 2016 from what I hear are selling in huge volumes to deep pocket investors that go into hedge funds. I read about this about a year and a half ago. Government is involved. Intention: To rent to own them. Rental income, profit when sold and increased tax revenue for government. Almost a no lose situation for them. Fat cats getting fatter. That simple. Best way is to actually do some work which is going to the recorder office and knowing what to say and the legal process for obtaining the deed from the current owner. If property is IN foreclosure and the home is vacant, do you think the owner plans to redeem? Doubt it. Purchase the deed from them IF you can actually find them. They get money in their hand they didn’t think they were getting AND since mortgage will be redeemed prior to sheriff sale or redemption period expiration, NO foreclosure on their record!! Incentive to sell it to you? I think so. Good luck. Reply Report comment
    Michael
    Replied over 3 years ago
    Asset companies now, in 2016 from what I hear are selling in huge volumes to deep pocket investors that go into hedge funds. I read about this about a year and a half ago. Government is involved. Intention: To rent to own them. Rental income, profit when sold and increased tax revenue for government. Almost a no lose situation for them. Fat cats getting fatter. That simple. Best way is to actually do some work which is going to the recorder office and knowing what to say and the legal process for obtaining the deed from the current owner. If property is IN foreclosure and the home is vacant, do you think the owner plans to redeem? Doubt it. Purchase the deed from them IF you can actually find them. They get money in their hand they didn’t think they were getting AND since mortgage will be redeemed prior to sheriff sale or redemption period expiration, NO foreclosure on their record!! Incentive to sell it to you? I think so. Good luck.
    Tyshia Huby
    Replied about 1 year ago
    Can you do a rent to own.
    Michael
    Replied over 3 years ago
    Asset companies now, in 2016 from what I hear are selling in huge volumes to deep pocket investors that go into hedge funds. I read about this about a year and a half ago. Government is involved. Intention: To rent to own them. Rental income, profit when sold and increased tax revenue for government. Almost a no lose situation for them. Fat cats getting fatter. That simple. Best way is to actually do some work which is going to the recorder office and knowing what to say and the legal process for obtaining the deed from the current owner. If property is IN foreclosure and the home is vacant, do you think the owner plans to redeem? Doubt it. Purchase the deed from them IF you can actually find them. They get money in their hand they didn’t think they were getting AND since mortgage will be redeemed prior to sheriff sale or redemption period expiration, NO foreclosure on their record!! Incentive to sell it to you? I think so. Good luck. Reply Report comment
    Alexandria Martinez
    Replied over 1 year ago
    A good friend of mine is interested in finding a good priced pre-owned home. He needs some tips to make this dream a reality for him and his family. I will let him know that he can find more information in the local newspaper or other public publications.
    Alexandria Martinez
    Replied over 1 year ago
    A good friend of mine is interested in finding a good priced pre-owned home. He needs some tips to make this dream a reality for him and his family. I will let him know that he can find more information in the local newspaper or other public publications.
    Alexandria Martinez
    Replied over 1 year ago
    A good friend of mine is interested in finding a good priced pre-owned home. He needs some tips to make this dream a reality for him and his family. I will let him know that he can find more information in the local newspaper or other public publications.
    Lynn Fisher
    Replied about 1 year ago
    Finding foreclosure listings and resources in Oregon is easy. The Oregon State Sheriffs Association provides all current listings by county on their website: http://oregonsheriffssales.org/
    Jack Bobeck Rental Property Investor from Jacksonville, FL
    Replied about 1 year ago
    We, the investors, have to show compassion with the people and their homes. In my area, many have lived there all their lives, some do reverse mortgages to use the equity and when it runs out, so does their luck. There are always people dying, moving on and dont want a house. It ties people down. So be compassionate with people, and listen to their needs. Any good savvy investor has been through 2007-2012 and knows the pain from those 5 years. We know that a bank sees a homeowner as a number and does not care if they can’t pay the note, they will kick the owner out. So remember compassion when working with the home owner.
    Shelly Marie Esquer
    Replied 5 months ago
    Hey just wanted to take this time to thank all of you for your hard work and dedication that must come from such passion it shows in the advice you give the references to literature And how to find information specific to all subjects some was easy to find and some was not it’s hard to search and ask questions when you don’t even know the words or abbreviations thank you for leaving a clear and precise path to follow .the newbie newbie sme