Massachusetts foreclosure listings give you a heads up on residential and commercial properties that are being sold below market value. Studies show that foreclosure properties in Massachusetts and the rest of the nation sell for an average of 22 percent less than ordinary home sales. Whether you’re seeking a traditional home in Lowell, a commercial property in Cambridge or an investment property in Boston that you can turn around and sell for profit, you have several options for finding foreclosure property listings in the Massachusetts.
Foreclosure properties in Massachusetts are the result of homeowners or business owners missing their mortgage payments and defaulting on their loans. Massachusetts foreclosure properties may also be called Massachusetts distressed properties.
A Massachusetts foreclosure property may be sold at one of three stages in the foreclosure process:
The best contacts and resources to help you get it done
Find foreclosure property listings in the Massachusetts
Providers of foreclosure listings in Massachusetts typically offer listings by county, city or ZIP code so you can find foreclosures in your area. Note that most Massachusetts foreclosure listings can only be accessed once you register and pay a fee.
I recommend: Some of the largest providers of foreclosure listings in Massachusetts include
RealtyStore.com,
RealtyTrac,
ForeclosureDataBank.com,
Foreclosure.com and
ForeclosureS.com, where you’ll find thousands of properties listed.
Find pre-foreclosure listings in Massachusetts
Homeowners in pre-foreclosure may be motivated to sell at below market prices to avoid foreclosure. Using pre-foreclosure listings, you can find such homeowners.
I recommend: Massachusetts distressed properties in the Boston and Fall River areas can be found at
FindMeDistressedHomes.com, which specializes in pre-foreclosure listings.
Find listings for Massachusetts foreclosures at auction
An auction for a Massachusetts foreclosure property is typically held at the county courthouse. Buyers must be present and usually must bring a deposit in the form of a cashier's check.
I recommend: At the
Real Estate Disposition Corporation, you can check the auction calendar listings for upcoming sales on Massachusetts foreclosure properties and you can sign up to receive email notifications of auctions taking place in Massachusetts. The Massachusetts real estate auctions listed at
GovernmentAuctions.org often include foreclosures, but you’ll need to register to view them.
Find listings for government-owned and bank-owned foreclosures in Massachusetts
Listings that focus on government-owned or bank-owned foreclosures in Massachusetts can help you profit from this segment of the foreclosure industry.
I recommend: HUDForeclosed.com offers the largest inventory of government-owned and bank-owned foreclosures in Massachusetts. At
All Foreclosure Information, you can search for properties owned by the government, asset managers or banks.
Find listings for Massachusetts commercial foreclosure properties
Business foreclosures in Massachusetts occur when business owners default on a commercial mortgage loan. In Massachusetts, commercial foreclosure properties can be categorized as agricultural, industrial or business properties, such as office buildings or retail spaces.
I recommend: Search the business foreclosure listings in Massachusetts at
Foreclosure Listings. Other providers of commercial foreclosure listings in Massachusetts include
ForeclosureFreeSearch.com.
Find free foreclosure listings
Few providers of foreclosure listings in Massachusetts offer free foreclosure lists, however, you can find free trials or very low-cost trials.
I recommend: ForeclosureFreeSearch.com offers a free seven-day trial. For a seven-day trial, you’ll pay $1 at
HUDForeclosed.com, $1.95 at
RealtyStore.com and $3.95 at
ForeclosureDeals.
Use online learning tools to get the most from Massachusetts foreclosure listings
Master the art of investing in foreclosures by taking advantage of online tutorials, webinars and other educational resources offered by providers of Massachusetts foreclosure listings.
I recommend: Check out the resources in the learning center at
RealtyTrac or the
Foreclosure.com webinar series for educational sessions on buying foreclosure properties in Massachusetts.