There are 4 free foreclosure list types every real estate investor must have. Get your hands on these free foreclosure lists and the free foreclosure listings they include and you’ll find cheap houses fast. Watch this video to learn about each type of free foreclosure list right now.
List 1: The Free Foreclosure List Before The Filing Date
The initial free foreclosure list is what I would call pre-foreclosure before the filing date because the houses on this list happen to be essentially listed ahead of the initial foreclosure filing is done. There has been no paperwork recorded from the bank at this point. The homeowners of the home may be behind with the payments and things are most likely not looking very good financially for them however they are actually not to the point of having the Notice of Election and Demand actually submitted. That is one of the types of free foreclosure lists that you will find in your search.
List 2: The Free Foreclosure List After The Filing Date
The next set of free foreclosure listings will be posted after the filing day. Once the lender or mortgage company has obtained an action to file the Notice of Election and Demand, the free foreclosure list goes to what I would describe as the pre-foreclosure after the recording date. Now, many important things change when you are getting a property foreclosure list that is in this particular time frame. It is really an important detail to know because by law, from state to state, what you are able do to solve the homeowners financial ıssues at this point of time varies dramatically. This is the 2nd kind of free foreclosure list that you are going to find.
List 3: The Free Foreclosure List At The Sale
The 3rd listing is what I would describe the sale date foreclosure list. This is the actual list of homes schedule to go to foreclosure by the county. This foreclosure list is available at the moment in time that the lender has moved through the complete procedure and has eliminated their alternatives other than foreclosure but now the foreclosure is becoming nearly unavoidable. There is a date fixed with the county and the house is in fact usually sold in the foreclosure sale. This kind of free foreclosure list is actually during that period following the filing date but prior to the actual foreclosure date.
List 4: The Free Foreclosure List After The Sale
Lastly, the fourth free foreclosure list you will find, and you will find these types of free foreclosure listings throughout pretty much every town in the United States, is following the foreclosure sale itself. This list moves into what is known as bank owned properties or even REO. And so the 4th free foreclosure listing group that you are likely to find are bank owned properties. The actual foreclosure has occurred and now the real estate are actually owned by the lender.
So when you are searching for free foreclosure listings, these are the 4 different types of free foreclosure lists which are available that you could get a hold of. You can use this information to locate significantly discounted properties that you can buy for great real estate investments.
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