Foreclosure listings at bargain prices are not an urban legend. Sure, there’s some work involved, but the payoffs can be substantial. If you are in the market for real estate, invest for less by taking advantage of bank foreclosures. When you resell homes you have invested in for less than market value, you are almost guaranteed financial success. ForeclosureDatabank offers the most extensive foreclosure listings database on the web. Sign up today for a 7-day trial membership and start browsing our foreclosure listings of government foreclosures and bank foreclosed homes to find that perfect property.

Types of Foreclosure Listings

Foreclosure listings come in several forms, and some investors find they prefer one more than another though all offer their own advantages. Here are the three options you have for forclosure listings:

Pre-Foreclosure Listings - Foreclosure listings known as pre-foreclosures are the properties that have just entered the foreclosure process. This is very early in the game, when you can still negotiate with the homeowner who is desperate to get something for their property-- something they will not accomplish if the lender takes possession. In most cases, you can invest in these foreclosure listings for the amount of equity in the property.

• Auction Sales of Foreclosure Listings - After the pre-foreclosure phase, the lender puts the foreclosure listings up for auction. In this scenario, potential investors make sealed bids on the property. The foreclosure listings are awarded to the bidder with the highest reasonable offer.
• REO Foreclosure Listings - if there are no reasonable auction bids, or no one has made an offer, the foreclosure listings become real estate owned, or REO properties. Unlike the foreclosure listings in the earlier phases, REO properties often are free of liens and don’t owe any property taxes because the bank has already taken care of them. This means that you as the investor have that much less to pay for the property, further increasing your savings and profits.

We Make the Process Easy and Convenient

At ForeclosureDataBank, our online database of foreclosure listings is the largest on the Web. A 7-day trial membership with us assures you of full access to our database so that you can search for the foreclosure listings of your choice.