How to search for foreclosures and bank owned real estate

Post on 20-Aug-2015

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Transcript of How to search for foreclosures and bank owned real estate

How to Search for Foreclosures and

“off market” inventory

Southern California Specific Searches by RE/MAX

Foreclosure“the process of taking possession of a mortgaged property as a result of a mortgagor’s failure to keep up with mortgage payments”

On and off market listings searchable via MLS or other Data Site.

Bank Owned Real Estate“Those properties that revert back to the owner, being that owner is a bank…”

Searchable in California

Real Estate Owned - REO“Real estate owned, or REO is a class of property owned by a lender - typically a bank, government agency, or government loan insurer - after an unsuccessful sale at a foreclosure auction.”

Searchable in California

Pre Foreclosure“The process by which the “mortgage holder” starts to accelerate the process of foreclosing on the Mortgagor after not making payments toward their obligation…”

In California, these are of public record and searchable.

How to SearchDistressed real estate searches should be obtainable on your own Realtor’s Website.

“They should be free and protect your personal and private information from being sold, traded or otherwise given away to any third party.”

Here is how our clients do itGoogle Paris911 or Santa Clarita real estate agents.

Look for or go to Paris911.comAt the time of this build out, we happen to be the 4th result when searching for “Santa Clarita real estate agents”.

Here is the SiteYou can click on the “Foreclosures” tab on the left side or continue to follow along with our presentation here!

Type REO into the macboxUsing our MaCBoX to search for Foreclosure Related Terms will equate to you getting specific articles and searches for the Distressed real estate.

The Foreclosure BlogThe Foreclosure Blog located online by typing in the letters:

REO

Into the MacBoX at Paris911.com

All are REO ListingsThese will show you the current REO listings available for sale in Southern California, including where we are Headquartered in the Santa Clarita Valley cities.

Foreclosure SearchType the Word “Foreclosures” into the MacBoX at the Top of our Main Paris911.com Website to access Foreclosure Intel and the Pre Foreclosures, Auctions and Bank Owned real estate!

“other” foreclosure searchesAuctions, Bank Owned, Pre Foreclosure searches available by Zip Code or City Name in California Cities.

Example of Search ResultsUsing a Zip Code for searching for Bank Owned, Auctions, Pre Foreclosures in Southern California.

This Example is for 91381 - Stevenson Ranch California.

New Foreclosures SearchNew Foreclosure Searches - the latest REO listings placed onto the real estate market for sale within the Multiple Listing Services and Boards of Realtors in So. California.

15-20 minute refresh rateForeclosure listings updated in the System every 15-20 minutes via our Paris911 Team’s Internet Data Exchange Subscriptions.