Purchasing a home that has gone into foreclosure is a sound financial decision. Using free foreclosure homes listings makes that decision sounder. These foreclosed homes are difficult to find; many are not listed on conventional real estate web sites. There are also many web sites that list foreclosure properties that require paid membership to access the home listings. Search the web and you will find many free foreclosure homes listings sites that will assist you in your home buying process.
Most foreclosure web sites offer free trial periods. This allows you to access as many listings as possible within a seven day period. If you visit a new site every seven days, you can use these paid sites as free foreclosure homes listings sites. Some of these sites require credit card information upon registration. If you do not cancel your membership after the seven days, you will automatically be charged the standard membership fee.
This fee varies from site to site. Also, there is no way to be sure that you are getting all the information about the foreclosure property when utilizing the free period. If these free trials are used well and you cancel at the end of the trial period, you can take advantage of these sites as free foreclosure homes listings.
Web sites that are provided as a service through HUD (the US Department of Housing and Urban Development) are truly free sites. HUD offers free foreclosure homes listings without even offering a paid membership. The objective of HUD hosting these sites is to get the information out on these properties.
The target for HUD is to get these foreclosed homes sold, preferably to individuals and families that will ultimately aide in the revitalization of the neighborhoods. By offering free foreclosure homes listings HUD makes the information available to more potential buyers. There is a mutual benefit for the buyers and HUD. Buyers receive homes for less than the market value and HUD reaches it goal to improve urban development.
Real estate agents that are registered with HUD will also list free foreclosure homes listings as part of their regular listings. These agents are contracted by HUD to assist in selling these properties. They realize by utilizing free foreclosure homes listings; they increase the volume of traffic that checks out the foreclosure listings. This is usually a more difficult way of accessing the foreclosure homes information. Many times, a viewer will not be able to tell which properties are foreclosures without contacting the agent. These listings are helpful if you are looking in a specific area or are working with a specific agent.
Taking advantage of free listings increases the savings when looking to purchase a foreclosure home. Often a little more diligence and effort on your part will pay off in the amount of money that is not only saved in the purchase of the home, but in the process of locating the home.