Foreclosure Process

When a lender decides to foreclose, the foreclosure procedure may be a legal action requiring a lawsuit and potential litigation or it could be non-judicial requiring only the proper processes to be followed. Each state and sometimes county has slightly different foreclosure procedures which must be followed. We have pages covering the different types of foreclosure, along with procedures and timelines. There are also sources of foreclosed homes near you and foreclosure auction lists. If you don't find what you need, just ask!

Many consumers are baffled by the onslaught of foreclosure reporting, listing or information services. Many are confused about the different types of information available or even the kind of information they need. Even some industry professionals aren't sure what to make of many of these services.

Unfortunately, there is too much misinformation regarding lists of foreclosed properties, whether bank owned or government owned, pre-foreclosure or post-foreclosure, statewide, nationwide or local.

Some History

The original listing services were born from those who did actual courthouse research for attorneys, title or search companies. The information was accurate and reliable. After all, it was used by industry professionals. Recognizing the demand for such information, many firms expanded their services making the data available to consumers, specifically those who wanted the data most: investors.

Today there are several top-notch organizations that strive to deliver accurate information to their customers, whether they are home buyers or investors. They understand the foreclosure process, the opportunities that are available and the type of data their customers need.

There are, however, way too many organizations that do minimal research, pay little attention to detail, and make false claims and/or deliver useless information with the promise that you will get rich from having purchased their materials. Can you become financially independent investing in real estate? Absolutely! Thousands of investors are doing it everyday. However, not in the way suggested by some of these services' marketing materials.