How Do I Find a Foreclosure, Pre-foreclosure, or REO Property to Buy?
It is easy to find pre-foreclosures, foreclosures, and REO properties that are up for sale. Each state has guidelines that must be followed regarding the sale of this type of property, including an advertisement or notice of the sale. Several different aspects of potential ways to locate pre-foreclosures, foreclosures, and REO properties are included below.
If you are Internet savvy, you should browse the Web. Numerous websites advertise and include listings on pre-foreclosures, foreclosures, and REO (real estate owned) properties. Each of the listings is usually part of a large database. They are generally listed according to specific counties, towns, and cities.
Next, try the newspapers that are published in the areas that you are interested in making your real estate purchase. Most newspapers include the listings of this type of sale under "Notices of Public Sale" or "Trustee Sales." Typically, the notice of sale on a foreclosed home is published in the local newspaper for a predetermined number of weeks according to the guidelines of the particular state.
Additionally, real estate agencies typically include available listings on local foreclosures, pre-foreclosures, and REO properties. In general, some states allow real estate agents to be commissioned to handle the sale.
Finally, attorneys are able to provide detailed information on this type of home sales. These attorneys are ones who specialize in handling the sales of foreclosures, pre-foreclosures, and REO properties.





