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Foreclosures seem to be hitting record numbers each month. The conversion of low-payment introductory mortgages to higher fixed rate plans, plus a sluggish economy, result in higher mortgage payments that many people simply cannot afford.
While this is unfortunate for many homeowners, it presents a tremendous financial opportunity for others. TopConsumerReviews.com finds and ranks the best Foreclosure Listings services available today.

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FORECLOSURE LISTINGS

Foreclosed properties are at an all-time high. In the last few years, millions of people took advantage of mortgage programs with fantastic low introductory monthly payments. Unfortunately, many of those programs were set to automatically convert into higher payments within just a few years. As this has happened, many homeowners have found themselves unable to meet the new, higher payments. They find themselves facing foreclosure.

However this also presents a tremendous financial opportunity for those people looking to find a good deal on a property. Whether you're looking for a house for yourself, or an investment property that you can rent or sell, homes in foreclosure or pre-foreclosure can be purchased at a substantial discount - sometimes at savings of 50% or more off market value. Plus, by intervening you can help a family out of a looming financial crisis, and possible bankruptcy, by giving them an opportunity to find a good home with a more affordable house payment.

Where can you find properties that are in, or beginning the process of, foreclosure? There are a number of services available to help you do just that. Some are truly remarkable in the information they provide - and others will leave you wanting for more.

There are a variety of factors to consider when looking for a foreclosure listings service. Some of these include:

•  Number of properties listed.  You want to have a good selection of homes to review.

•  Ease of use.  You want a listing service to take advantage of the latest technology, to make your job easier.

•  Cost.  You want to get good value for your money.

TopConsumerReviews.com has reviewed and ranked the best Foreclosure listing services available today. We hope you find these reviews helpful in finding your next property!

 

 

 

"Results show...that foreclosed properties average 22% less than typical properties."

 

- The Federal Reserve Bank, on the typical cost savings when buying a foreclosed property

 

 

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Foreclosure

 

FORECLOSURE

 

5 stars

 

Cost:

Free 7-day trial

$39.80 per month thereafter  (price drops to $24.90/month with a 1-year subscription)

 

The services offered by Foreclosure represent a tremendous value for your money. With over 1.5 million property listings available, state-of-the-art features that make finding and previewing those properties very easy, and a complete Training and Learning Center, Foreclosure earns our highest marks.

To start with, a property listings service should deliver a large and up-to-date inventory of properties. To its credit, Foreclosure offers over 1.5 million property listings, including foreclosures, pre-foreclosures, sheriff sales, bankruptcies, FSBO's (For Sale By Owner), and Tax Liens. The database is updated twice a day, every day. This gives you a wide, up-to-date selection of properties to choose from.

Next, Foreclosure makes it easy for you to find and locate the homes you're interested in. Foreclosure rises above their competition by offering easy-to-use search options. You can hunt for homes by zip code, city, price range, number of bedrooms, number of bathrooms, or specific listing id if you have one. The results are shown to you in a list accompanied with an aerial map of the properties. The mapping function is impressive and graphically shows you where the houses are in a community. For more detailed information, you simply click on the house listing and you are shown the complete information for the home, including address, square footage, property description, and even a photo of the residence.

But that's just the tip of the iceberg. Want to know community information for the property you're looking at? School information - grade school, middle school, and high schools for the home? How about forecasted monthly payments? It's all just one click away, including contact information for each particular house.

In addition to the property listing information, Foreclosure gives you access to a host of training materials so you can be as successful as possible. They constantly schedule "webinars" where you can watch, listen, and participate in live training opportunities. If you can't make the scheduled time, Foreclosure offers "on-demand" webinars that you can watch and listen to whenever you want - on your schedule. They have a variety of articles, ebooks, calculators, and even offer one-on-one coaching to make sure you're making the most out of your opportunities.

Foreclosure offers a free 1-week trial period for you to use their services. There's no limitation on what you get during that free trial; everything that is available to paid members is yours too. If you decide to continue with the service after the seven days, you are billed $39.80/month (if you opt for a 12-month subscription, the price drops to $24.90/month). The free trial is really a great way to try the service with no cost or obligation. If you take advantage of what Foreclosure has to offer, the price is very reasonable and you can easily cancel the service at any time.

Foreclosure delivers everything you could want in a property listing service. A large and constantly updated database, multiple search options with state-of-the-art property listings, plus in-depth training materials to help you succeed, all combine to earn Foreclosure our highest rating.

 

 

Foreclosures

 

FORECLOSURES

 

4.5 stars

 

Cost:

First week free

$49.95 / month thereafter

 

Alexis McGee is the co-founder of this site and brings 20 years of real estate industry experience to the table. Foreclosures is laid out in a professional and insightful manner that allows the user to really get a feel for the foreclosure market.

This site is not cheap, but the resources are incredible. The cost is $49.95 a month - easily the most expensive site in our review. There is a seven day free trial, the caveat being that you still have to put in your credit card information and cancel within seven days so the card is not charged the $49.95.

However, for that monthly fee you have access to over 5 million property listings - three times as many as its closest competitor. Foreclosures also offers a huge amount of helpful information, including how-to guides, training programs, webinars, hands-on tutoring, a newsletter, and more.

Customer Service can be reached via email, two phone numbers, fax, and a mailing address. When contacted, the staff was well-informed and helpful in answering our questions.

Foreclosures is truly a complete foreclosure listings service. If you can afford the higher monthly fee, you will definitely get your money out of this service.

 

 

Realty Trac

 

REALTY TRAC

 

4 stars

 

Cost:

First week free

$49.95 / month thereafter

 

Realty Trac is a trusted, comprehensive and convenient marketplace for homeowners, investors and real estate professionals. The site offers almost a million property listings to its members, and a variety of additional materials to members and visitors.

Realty Trac offers its members listings of homes that include pre-foreclosures, foreclosure auctions, bank owned foreclosure, for sale by owner, resales, and new home listings. The site offers a one week free trial with a submission of a valid credit card. After one week, if the subscription isn't canceled, the card will be charged $49.95 a month. Like the higher-rated Foreclosure service, Realty Trac offers a mapping feature to members, showing available properties in an overhead presentation. The map displays locations of homes that are pre-foreclosures, auctions, bank owned, government owned, for sale by owner, resale or new homes in an easy to decipher manner.

Realty Trac also has a helpful learning page that is categorized into different sections. With this you can easily find quick answers to a variety of subjects. Also available for purchase are ebooks, coaching, seminars, audios, videos, manuals, and mortgage services. Customer support is knowledgeable and can be reached via email, live chat, mail and fax.

 

 

Foreclosure Data

 

FORECLOSURE DATA

 

3.5 stars

 

Cost:

$39.95 one-time fee

 

Foreclosure Data is a no-frills service with a database of over a million properties and numerous helpful links. It is easy to navigate and all the services are displayed in a convenient layout.

On the homepage of the site there is a property search. A user name and an email address have to be submitted in order to view the properties.

All the services can be accessed through a one time membership fee of $39.95. If you're not pleased with the service, the entire fee is refundable within the first eight weeks of purchase. However, once you're a member, you have access to over 1.2 million property listings. The listings are nationwide and updated daily. The site displays both bank and government foreclosures. The site offers a sample listing of foreclosed properties - but the pertinent information, such as loan amount, assessed value, address and the specifications on the home - is not available until a membership has been purchased.

Another feature of this site is that it includes a step by step process that describes how to go through the purchase of foreclosed properties. There is also a series of financial calculators to help you analyze the benefits of buying a particular home.

Unfortunately, the only way to contact Foreclosure Data is through email. There is no phone number for any questions.

A Frequently Asked Questions (FAQ) page and more customer support options, would benefit Foreclosure Data greatly. Still, for a one-time fee, this site offers a good option for your dollar.

 

 

Foreclosure Free Search

 

FORECLOSURE FREE SEARCH

 

3 stars

 

Cost:

First week free

$9.95 / week thereafter

 

Foreclosure Free Search is a very friendly site that offers information on foreclosed properties throughout the United States. In addition to foreclosed homes, the site also lists properties in pre-foreclosure, for sale by owners, and bankruptcies.

Foreclosure Free Search offers a one week free trial of the site. After the trial week the cost is $9.95 a week. Membership can be canceled at any time. For visitors, Foreclosure Free Search displays actual listings of foreclosed property - minus pertinent information, such as actual location, current photos, etc. this information is revealed to paid members. This is a good feature to get the feel of what the site has to offer.

Foreclosure Free Search provides listings of pre-foreclosures, for sale by owners, and bankruptcies. For new visitors, Foreclosure Free Search provides a video demo that demonstrates the various features of the site. In addition to property listings there are books and online training available, plus email alerts on properties. There are a variety of free tools for visitors to use such as home loan calculators, renting vs. buying, mortgage refinance calculators, biweekly loan mortgages and many more. Customer Support is available via email, phone, or fax.

 

 

Bargain Network Homes

 

BARGAIN NETWORK HOMES

 

2.5 stars

 

Cost:

First week free

$39.80 / month thereafter

 

Bargain Network Homes is a very plain and simple web site. There is a home page with a link to join. The homepage has a map of the United States that allows a visitor to see foreclosed properties available in any zip code.

This website advertises over 700,000 listings available to view, but that pales in comparison with some of the higher-rated services. The enjoyable feature of this site is the ability to search the United States for foreclosed properties. The site provides visitors the price, description, and general location of the property, but the specific address is reserved for members.

The search page is broken down into different categories; pre-foreclosures, foreclosures, for sale by owner, for sale by realtor, and online auctions. There are a variety of search options available, including zip code radius, price, bedrooms and bathrooms. Many of the properties that are for sale have photos available. Unfortunately, due to the layout and navigation of the site, visitors have to "dig" to find all the options available to them.

Membership is $39.80 a month plus a $1.25 a month for their buying tools. Membership can be canceled at anytime by calling a toll-free number. There is a one week free trial; your credit card is charged a $1.00 and then credited back to your credit card. The trial has to be canceled in order to avoid being charged for membership. Although the site contains useful information on properties for visitors, there is no preview of the tools that are available.

 

 

Foreclosure Pass

 

FORECLOSURE PASS

 

2 stars

 

Cost:

$39.50 one-time fee

 

Foreclosure Pass is an easy website to navigate. The home page does a good job previewing the services offered. The homepage does a great job of offering enough items to wet one's curiosity to surf the rest of the site. Our biggest gripe is the number of home listings - 300,000 - is less than 25% of those offered by the top services in our review.

The website cost is a one time fee of $39.50, which represents a lifetime membership. One attractive feature of the website is that it allows users to key in a zip code to see how many foreclosed homes are in the given area. The actual property addresses are not given, but the price and description of the home is presented.

Once you purchase a membership, you then have access to the member's only area. The member's area offers further information to help members understand the foreclosure market, with immediate access to information designed to help you succeed at buying and selling houses at auctions.

Foreclosure Pass backs their lifetime membership with a 100% satisfaction guarantee, good for the first 8 weeks of purchase. Unfortunately, like the other one-time fee site in our review, customer service is only offered by email- there are no phone numbers available.

Although we enjoyed the layout and navigation that this site offers, you can receive far more property listings for the same or less cost with our top-rated selections.

 

 

Realty Store

 

REALTY STORE

 

2 stars

 

Cost:

First week free

$39.80 / month thereafter

 

Realty Store has an efficient website that is pleasing to the eye. The site offers nearly 500,000 property listings that are in different stages of the foreclosure process. Unfortunately, this is less than one-third of the listings available in our top-rated selections.

Realty Store has listings of bank foreclosures, hud homes, pre-foreclosures, and land auctions. The site has a one week trial membership available for $1.00. This allows the user full access for 7 days. The full membership fee is $39.80 a month. If the trial membership is not canceled the full membership will be automatically charged.

Realty Store offers a couple of nice features to supplement its property listings. A ten chapter overview of the foreclosure process and a glossary of terms is a valuable tool for members and visitors of this site. Also, Realty Store provides convenient options for financing through their lending partners if that is a need.

Customer service prefers to be contacted by email, although a phone number is provided if the email is not responded to within twenty four hours. Realty Store is a member of the Better Business Bureau.

Although the website is clean and easy to use, the site doesn't compare to the top-rated services. For the money we'd expect a much larger selection of properties and better supplemental information.

 

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Foreclosures in the News

Schools, businesses feel effects of neighborhood's misery - San Diego Union Tribune

San Diego Union Tribune

Schools, businesses feel effects of neighborhood's misery
San Diego Union Tribune, United States - 4 hours ago
As foreclosures spawned by risky subprime loans sent many residents packing, the entire community has felt the toll. Hard times have boosted attendance at ...
Street of risk and loss San Diego Union Tribune
all 7 news articles

Publ.Date : Mon, 17 Nov 2008 12:43:59 GMT

Loan mods could restore confidence - Inman.com

Dividend.com

Loan mods could restore confidence
Inman.com, CA - 7 hours ago
Assuming one in three modified loans were to re-default, the plan would cost taxpayers $24.4 billion, but prevent 1.5 million foreclosures by the end of ...
Foreclosures have enemy in FDIC The Swamp - Tribune's Washington Bureau
More lenders offer mortgage relief programs Minneapolis Star Tribune
FDIC proposes plan to avoid foreclosures Philadelphia Inquirer
Los Angeles Times - Reuters
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Publ.Date : Mon, 17 Nov 2008 09:50:04 GMT

Fannie, Freddie Boost Effort to Minimize Foreclosures (Update4) - Bloomberg

HispanicBusiness.com

Fannie, Freddie Boost Effort to Minimize Foreclosures (Update4)
Bloomberg - Nov 11, 2008
``Such efforts will help to preserve homeownership for willing and qualified home owners, and will stem the toxic effects that rising foreclosures have on ...
Agency offers mortgage assistance Palm Beach Post
New plan seeks to streamline loan mods Inman.com
Citi, Fannie, Freddie to Halt Some Foreclosures (Update3) Bloomberg
all 598 news articles

Publ.Date : Wed, 12 Nov 2008 01:13:57 GMT

Kaua‘i home foreclosures offer opportunities - Lihue Garden Island

Kaua‘i home foreclosures offer opportunities
Lihue Garden Island, HI - 6 hours ago
More than a few Hawai‘i residents are losing that battle, as evidenced by recent reports saying foreclosures in the state tripled this October compared with ...

Publ.Date : Mon, 17 Nov 2008 11:30:41 GMT

Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and Advance

Lynchburg News and Advance

Losing it all: Subprime loan mess slamming doors on homebuyers in ...
Lynchburg News and Advance, VA - Nov 15, 2008
Records showed 159 foreclosures over the same period in 2007. The number of foreclosures nearly doubled in Bedford County, from 42 to 82, ...
Citigroup bids to reduce US home foreclosures Telegraph.co.uk
Home Foreclosures At Crisis Levels HULIQ (press release)
Editorial: State should stay out of foreclosures DetNews.com
Fort Worth Star Telegram - CharlotteObserver.com
all 260 news articles

Publ.Date : Sun, 16 Nov 2008 04:54:24 GMT

Waterbury-based bank to hold off on foreclosures - Hartford Courant

WTNH

Waterbury-based bank to hold off on foreclosures
Hartford Courant, United States - Nov 14, 2008
Waterbury-based Webster Bank says it will hold off on any home foreclosures for 90 days. In addition to the moratorium on mortgage foreclosures, ...
Webster Financial suspends home foreclosures CNNMoney.com
Webster Suspends Home Foreclosures MarketWatch
Webster puts foreclosures on hold Providence Business News
Waterbury Republican American - Trading Markets (press release)
all 38 news articles

Publ.Date : Fri, 14 Nov 2008 10:52:46 GMT

Foreclosures triple in Hawaii on poor economy - Forbes

Reuters

Foreclosures triple in Hawaii on poor economy
Forbes, NY - Nov 13, 2008
But Daren Blomquist, marketing and communications director for RealtyTrac, said local foreclosures are still rising, and the market could take months or ...
Foreclosures bigger problem in NJ than Pa. Bizjournals.com
Foreclosures in Maryland surge 32 percent Bizjournals.com
Hawaii foreclosures rank 30th in US Bizjournals.com
Bizjournals.com - Bizjournals.com
all 269 news articles

Publ.Date : Fri, 14 Nov 2008 00:43:06 GMT

Enrollments drop at Modesto-area schools as foreclosures ... - Modesto Bee

Modesto Bee

Enrollments drop at Modesto-area schools as foreclosures ...
Modesto Bee, CA - 9 hours ago
The perfect storm of unemployment, foreclosures and families moving to neighboring school districts has settled over the Empire Union School District. ...

Publ.Date : Mon, 17 Nov 2008 08:12:52 GMT

Los Angeles Foreclosures Down 51% from Sept 2008: Seattle and ... - PR.com (press release)

PR.com (press release)

Los Angeles Foreclosures Down 51% from Sept 2008: Seattle and ...
PR.com (press release), NY - 4 hours ago
In the October Foreclosure Report by PropertyShark.com, Los Angeles Foreclosures were down 51%