Foreclosure FAQ

Foreclosure property investment can be a fortune provider if you take a step-by-step approach. It begins with expanding your awareness to understanding the underlying realities and some critical details. Gaining access to a comprehensive online foreclosure listings can be the first step to finding suitable foreclosure homes you can invest on.

Foreclosure Listings Nationwide offers a 7-day trial to gain access to its well-updated and accurate inventory of foreclosure listings. You can find foreclosure homes across the country classified as Government foreclosures, HUD, VA and Fannie Mae repossessions, pre-foreclosures, etc. This can help you locate good property deals with ease and in matter of minutes.

You need to know that most foreclosure homes come in 'as is' condition which can be brought into negotiating a considerable discount from the seller.

In case of pre-foreclosures the debt on the property remains till it is sold at the auction, which means you need to settle the debts, trusts, mortgages, tax liens and judgments before you buy the property. It is advisable that you gather actual information about the physical and financial position of the property before investing on them.

Only individuals, who own the title to the property can sell the property, ensure if there is more than one owner and if they have the consent to sell the property prior to any negotiation on the deal.

The Department of Housing and Urban Development (HUD) acquires properties foreclosed on Federal Housing Administration (FHA) - insured mortgages from lenders. These properties generally referred to as HUD repossessions are offered to the public for sale through asset management companies contracted by HUD. You may find these properties listed in the HUD website and advertised in local newspapers.

Foreclosure Listings Nationwide has a formidable listing of HUD, VA and Fannie Mae repossessions.

Our database in current and has more than one million listings foreclosure listings clearly categorized and assorted state wise. We also offer personalized searching based on preferences.

We ensure the accuracy of the property information cited on our listings by gathering them from direct sources which include foreclosing lenders, Banks, Government agencies and corporate sellers across the country.

We have our customer support center functioning 24/7 to offer you personalized services round the clock.

You can place your bid to buy HUD properties through a registered real estate agent who may submit your bid using the HUD's electronic bidding process. When the bidding period ends the bid is granted to the highest bid offer.

If your bid wins HUD will notify you through your real estate agent. You will be provided 48 hours to prepare and submit the sales contract. Once approved HUD usually offers a schedule of 30-60 days to make the settlement.