How do you find lists of repossessed homes for sale?


Quick Answer

Peruse legal notice sections in the local newspaper to look for advertisements placed by auctioneers hosting foreclosure auctions in your area, notes ABC News. Verify the listings by looking on the auctioneers' websites. Starting with newspapers allows you to avoid fraudulent listings online.

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How do you find lists of repossessed homes for sale?
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Full Answer

Some of the banks that have foreclosed on properties list them for sale on their own websites, according to ABC News. These are often listed as REO, or real estate owned, properties. This means the bank has taken the property back over and owns it. Zillow.com is a website that lists foreclosures among their properties for sale. Choose foreclosures from among the search options when running a property query in the area in which you want to live.

After banks buy properties back at auction, they sometimes hold a second auction to get rid of multiple properties at the same time, as stated by ABC News. As of 2015, three companies that perform these auctions include Williams and Williams, Hudson and Marshall and REDC, or Real Estate Disposition Corporation. For people who don't have time to pore through listings themselves, it's also helpful to hire a realtor with expertise in and access to foreclosure listings to do a more thorough search in the area.

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