Homebuyers and investors can now view featured homes for free and place bids on them through Foreclosure.com.
For years, the only way to learn about a nearby real estate foreclosure auction was to monitor the daily newspaper or trudge down to the local courthouse. This inconvenient and time consuming process often discouraged many would-be house flippers and first-time homebuyers from pursuing great real estate opportunities.
Fortunately, times have changed.
Foreclosure.com now showcases real estate auctions from across the nation on its Web site. Interested buyers can view these listings for free, and with the help of a licensed real estate broker/agent, conveniently place bids from the comfort of their homes.
The "Live Auction" properties on Foreclosure.com have been repossessed by lenders because the previous homeowners were unable to make their mortgage payments on time. And, the lenders are actually selling the distressed properties directly through Foreclosure.com.
Keep in mind that lenders are not in the business of marketing and selling real estate. Therefore, these organizations are motivated and eager to sell fast before losing anymore money.
Like all other property auctions, however, there are risks involved. That's the reason we require that a licensed real estate agent/broker facilitate the process. He or she will be able to explain the different state foreclosure laws and procedures, as well as other issues that can — and often do — emerge.
In short, we want our buyers to be well informed and aware of all the entire process to help ensure successful transactions.
"Live Real Estate Auctions" are the new and best way to buy that dream home or great investment property deal — sometimes as low as 30 to 50 percent below market value. Even better, the bidder always sets the sale price!
Hurry ... "Live Auctions" usually last only 10 days — act now before it's too late.