If you are looking to find a foreclosure home to cash in on the financial crisis, there are numerous sources to find such a list, although many come with a small fee . Alas, most of the lists on offer are usually outdated, sometimes by as much as several months, with no recourse to recoup your investment – so make sure you choose carefully.
If you dig a bit deeper you will find many government agencies that maintain a listing of properties that have been foreclosed and are up for sale and will readily give it out just for asking. Given that informatio, there is no good reason to pay someone to compile the list for you.
It’s a sad fact that foreclosures exist as a result of someone’s misfortune. But someone is going to buy that home anyway, so it may as well be you. Your decision to buy or not will not impact the reason for the foreclosure. Typically, a home being foreclosed can’t sell for less than 75% of its sworn value, but a buyer can still get more house for the money.
