only search Free Foreclosure Listings

If you've spent any time trying to find free foreclosure listings, I'm sure you've been quite surprised to find out just how expensive it can be to simply find these homes.  Many sites are billing customers anywhere from twenty to forty dollars a month just to view these properties.  Several of the pay by month sites have a lot of good information in them and provide you with a single access point but is it really worth what they charge when you can access foreclosure listings for free? 

Now for the common sense secret they don't want you to know.....foreclosure listings are FREE.  Let me repeat, Foreclosure listings are free, you don't have to spend anything locating them provided you are willing to invest just a little time finding them.

Think about it, the banks and government agencies are simply trying to get rid of their inventory.  They welcome potential buyers just like anyone selling a home would. 

So why do people continue to pay monthly service fees to locate free foreclosure listings?  It's simple they either do not know where to look, or would rather pay a large monthly fee to consolidate these free foreclosure listings.  One thing to note about many of those pay by month sites is that many of them contain outdated foreclosure information.  I know this from personal experiences where several times I've thought I found the steal of the century only to learn that the listing is no longer active.  Not a good feeling.

So your asking why Foreclosure 50?  It's simple we provide the links to over 50 of the top free Government and Bank foreclosure sites for free.  There is no registration needed, no surprises, just the actual free foreclosure listings.  All we ask in return is that you spread the word.  Tell your friends, tell your family, tell you're realtor.  You get the information you need to find the free foreclosure listings and if you like the site bookmark it and share it.

 

  

 

 

My story with foreclosures started in 2003.  I found a two story foreclosure listing located in the small community of Chancellor, SD which is a bedroom community approximately 20 miles outside of Sioux Falls, SD.  The asking price of the home was listed for $10,000 and would have appraised for around $75,000 at the time with a few small repairs.  Unfortunatelly I did not act fast enough and the home was purchased before I could get an offer submitted.  Naturally I was disappointed, but at the same time I wasn't about to stop looking. 

I was so enamered by the oportunity to purchase a home at such a deeply discounted rate that I failed to maintain the patience and judgement that I should have been using and rushed to purchase a home in the even smaller town of Monroe, SD a town of only 160 located around 25 miles west of Sioux Falls.  The reason I call this a failure is that though I did turn a small profit on the home I failed to take certain things into consideration such as location and whether or not Monroe was a town I would enjoy living in.  The Monroe home was purchased for $11,000.  Now your probably thinking how can you call a home you purchased for $11K a mistake?  Well it goes like this, the selling price for the home was $32,000 and repairs, realtor and carring costs totaled around 15K.  So at the end of the day I spent alot of time working on a home that would only turn a $5K profit.

 

Since that time, I have purchased multiple homes and have been much more equipped to estimate cost of repairs.  As a rule of thumb, if you think something looks like it may need attention (roof, furnace, siding, etc), then you need to include the cost of that as you determine if the home is worth flipping. 

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