U.S. foreclosure listings can lead you to residential and commercial properties that are being sold below market value. Studies show that U.S. foreclosures sell for an average of 22 percent less than average home sales. Whether you’re seeking a property to call home or an investment property that you can turn around and sell for profit, you have several options for finding foreclosure property listings in the U.S.
Foreclosure properties in the U.S. are the result of homeowners or business owners missing their mortgage payments and defaulting on their loans. U.S. foreclosure properties may also be called U.S. distressed properties.
A U.S. 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 U.S.
Providers of foreclosure listings in the U.S. typically offer state-by-state listings so you can find foreclosures in your area or across the country. Note that most U.S. foreclosure listings can only be accessed by registering and paying a monthly fee.
I recommend: Providers of foreclosure listings in the U.S. include
RealtyTrac,
Foreclosure.com,
RealtyStore.com and
ForeclosureS.com. They offer some of the largest listings of foreclosures, with thousands of properties listed.
Find pre-foreclosure listings
Use pre-foreclosure listings to find homeowners who may be motivated to sell at below market prices to avoid foreclosure.
I recommend: FindMeDistressedHomes.com specializes in U.S. distressed properties and offers pre-foreclosure listings nationwide.
Find listings for U.S. foreclosures at auction
An auction for a U.S. 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 U.S. foreclosure properties. The federal government real estate auctions listed at
GovernmentAuctions.org often include foreclosures.
Express Auction Real Estate Services auctions off residential and business foreclosures in the U.S.
Find listings for government-owned and bank-owned foreclosures in the U.S.
If you're interested in profiting from government-owned or bank-owned foreclosures in the U.S., seek out listings that focus on this segment of the foreclosure industry.
I recommend: HUDForeclosed.com offers the largest inventory of government-owned and bank-owned foreclosures in the U.S. At
All Foreclosure Information, you can search for properties owned by various banks nationwide.
Find listings for U.S. commercial foreclosure properties
Business foreclosures in the U.S. occur when businesses default on a commercial mortgage loan. In the U.S., commercial foreclosure properties can be agricultural, industrial or business properties.
I recommend: Search the business foreclosure listings at
Foreclosure Listings. Other providers of commercial foreclosure listings in the U.S. include
ForeclosureFreeSearch.com and
ForeclosureDataBank.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.
Take advantage of learning tools to help you navigate U.S. foreclosure listings
Many providers of U.S. foreclosure listings offer online tutorials, webinars and other educational resources to help you master the art of investing in foreclosures.
I recommend: Check out the learning center at
RealtyTrac or the
Foreclosure.com webinar series for educational sessions on buying foreclosure properties in Massachusetts.