A list of resources to get you started in your search for the perfect investment opportunity.

Internet Foreclosure Companies

Foreclosure.com is a web-based foreclosure aggregator that, in exchange for a small monthly fee, provides a list of foreclosure properties in your area.

Philadelphia Real Estate Agents

Major bank Web sites

Many banks maintain online lists of foreclosed properties. Here are a few national lenders who maintain Web sites of bank-owned properties:

  • Bank of America
  • Chase Mortgage
  • U S Bank

Asset Management Companies

Some lenders hire an asset management company to handle foreclosures on the lender’s behalf.

  • Keystone Asset Management

Government Agencies

Some government agencies require you to retain the services of a realtor to purchase. Others will let you submit offers on your own. Read each site for more information.

  • HUD- Housing Urban Development foreclosure homes.
  • Fannie Mae foreclosure homes.
  • Department of the Treasury- homes seized by the Internal Revenue Service.

Real Estate Signs

Driving through neighborhoods where you want to buy is another great way to find foreclosures. The riders on the sign posts might say:

  • Foreclosure
  • Bank-Owned
  • Bank Repo

Call the agent’s whose name is on the sign and inquire about other foreclosure listings that may be coming on the market. Agents who specialize in foreclosures sometimes wait weeks while bank management approves the list price, so you can get a jump on other buyers by asking about new foreclosures not yet listed.

If you are working with a buyer’s agent, you can ask your agent to get this information for you.

Related Posts