JOIN for FREE! | Login
Home
Resources
Search Homes
List a Property
Create an Account
Contact Us
Get Estimated Market Values for Properties FREE!
Instantly Calculate Current Estimated Market Value
Get Value Now
Professional Spotlight
ATTRACT LOCAL ATTENTION
Advertise Exclusively and represent your Local Area.
Learn More >>
My Profile Email Me
Website My Listings
  Real Estate
Quick Search
Price Range :
 - 
Enter City or Zip:
Real Estate Professionals - find out how PropertyHookup can help build your real estate Client List
  Educational Books
and Resources
Keep up on current events and access FREE articles addressing Today's HOTTEST Real Estate topics
Learn More >>
Download educational E-Books with informative tips, how-to's, and detailed instructions on finding the BEST REAL ESTATE DEALS
Learn More >>
What is PropertyHookup.com?
Learn All About Us! >>
Local Partners
Your neighborhood foreclosed sale
2009-02-11     Kallen Kildea

 

So you want to get information on, and possibly buy the home that has recently been foreclosed on in your neighborhood. Here are 5 great ways to get to the bottom of who to contact, and find out if the home is up for sale.

 

  1. Leave your phone number on the foreclosed sale entry door and garage door. Stick it in the crack of the door right at eye level where they are sure to see it. Write "I want to buy this home" right on the front of the card. Don't be shy.
  2. Visit the neighbors' homes all around the foreclosed sale home. Talk to those neighbors and find out in anyone has stopped by. Let them know you are interested in buying the home (otherwise they might think the old homeowner owes you money!). Offer them a small thank you gift ($100 to $300) if they help you find the owner and you end up buying the foreclosed sale home.
  3. Put an orange sticker or sheet of construction paper on the garage door that says NOTICE on the outside. Write "I want to buy this home and need to talk to you :)" on the inside. You'll get their attention.
  4. Talk to a title agent and ask them to run a title search on the home and find out who the investor or bank is that conducted the foreclosure. They will be the ones that own the home now IF the foreclosed sale has already been conducted by the lender. At this sale the home was either taken back by the bank or purchased by an investor. Foreclosed sale homes can often sit for a long time while the bank or new owner figures out what to do with the home. This is a great opportunity for you to jump in and show some interest in the foreclosed sale.
  5. Be persistent by following up on the foreclosed sale home and the neighbors that surround it. It can often take the banks 3 to 5 months to figure out what they are going to do with the home. Especially when they are buried with foreclosed sale homes like they are in today's market. Stay persistent; when that home finally somes up for sale, it is likely to be at a great price. Bank foreclosed sale homes often get multiple bidders right away.

Keep you eye on the prize and do all your homework in the meantime so that you are ready to strike when the foreclosed sale home opportunity pops up. The foreclosed sale home might be one of the best investments you'll ever make.

 

 

Find FREE foreclosure listings, foreclosed sale investment property from California to New York using our free investment property search tools to buy foreclosed sale property and real estate foreclosures for 20% to 50% below market value. Learn how to buy real estate foreclosures and other investment property strategies to find and invest in real estate foreclosures and investment property in Los Angeles, Miami, or Dallas and dominate the foreclosed sale and investment property opportunities in your market quickly, easily and free on www.PropertyHookup.com.

 

<< Back
Our real estate investment software instantly calculates the house values for every piece of residential real estate investment property on the market. It then filters the house values and identifies the best priced real estate listings for sale in your area. Our foreclosure homes and MLS real estate listings for sale are ALL 20% to 50% Below Current Market Value. Use our real estate agent search to ensure that you SAVE TENS OF THOUSANDS on your next investment in real estate.
© PropertyHookup.com, 2008-2010. All Rights Reserved Tools  |  Site Map  |  Privacy Policy  |   FAQ  |   Report a Problem