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Foreclosure vs Foreclosure Listings

Sunday, February 16th

2025 Foreclosure Listing Service Reviews

Foreclosure Review 5 Star Rating

Foreclosure

5 Star Rating
  • Free 7-day preview
  • $39.80/month after free trial
  • Over 1.8 million listings
  • Property types include foreclosures, pre-foreclosures, bankruptcies, tax liens, and other distressed listings
  • Listing data is updated around the clock, 7 days a week
  • "A” rated by the BBB under parent company Blusea Holdings, LLC
Top Consumer Reviews Best-In-Class Blue Ribbon Award

Foreclosure stands out as the top platform for finding distressed properties, offering access to nearly 2 million listings that include foreclosures, pre-foreclosures, bankruptcies, and tax liens. Because the listings are updated 24/7, you're always viewing the most current available data. You've got a free 7-day trial that converts into a $39.80/month subscription, which is a solid value to gain access to the largest inventory of foreclosure properties among paid services. Foreclosure's robust tools, like legal guides, mortgage calculators, and state-specific resources, make it ideal for both investors and future homeowners. Rated with an "A” by the BBB, Foreclosure continues to earn our 5-star recommendation among platforms offering foreclosure listings.

Foreclosure Listings Review 1 Star Rating

Foreclosure Listings

1 Star Rating
  • Over 1 million listings
  • Listings include foreclosures, pre-foreclosures, short sales, and sheriff sales
  • Daily updates
  • Agent contact service available
  • 7-day trial for $3.95
  • $39.95/month or $99/year membership fee after trial period
  • In business since 1998

Despite being around since 1998, Foreclosure Listings doesn't have a track record of being a reliable option for finding foreclosure properties. The company continues to have an "F” rating from the BBB, with ongoing complaints about fraudulently-listed homes - ones that aren't in foreclosure or even close to it - and continuing to bill subscribers after they cancel. Don't bother getting your hopes up about any of the properties you see on Foreclosure Listings - save yourself the time and hassle by going with one of the higher-ranked options on our list instead.

Which Foreclosure Listing Website is the Best?

Finding the perfect foreclosure property can feel like a treasure hunt - filled with potential (and lucrative) rewards but requiring careful navigation. Whether you're an aspiring investor looking to score a bargain or a homebuyer hoping to land your dream home at a steep discount, foreclosure listings can be your gateway to opportunity.

Foreclosure rates have remained relatively low in recent years, with starts near historic lows since the pandemic. According to the Mortgage Bankers Association, mortgage delinquencies have seen minor fluctuations in the last few years but have still remained far below the levels of the 2008 housing crisis. However, economic factors such as the rising costs of insurance and property taxes could potentially impact the number of available foreclosure properties in the future.

The Best Foreclosure Listing Services Compare Foreclosure Listing Services Compare Foreclosure Listing Service Reviews What are the best Foreclosure Listing Services Best Foreclosure Listing Service Reviews

Foreclosure Listing Service FAQ

Foreclosure is a term that refers to a lender repossessing a property when the homeowner hasn't kept up with their mortgage payments. Essentially, the mortgage holder (the bank, credit union or other financial institution) takes the home back, and the homeowner may lose any equity they built.
Investors looking for a home priced below market rates often look at foreclosures first. But, foreclosed properties are not just for investors: prospective homeowners can also benefit from buying a home for less than the market average price.
Pre-foreclosure indicates that the homeowners have been formally notified that they're in default and that the lender intends to repossess the property, but it hasn't yet been offered for sale. Foreclosure means that the home's ownership has already been returned to the lender. A short sale is when the homeowner sells the property for less than what is owed on their mortgage; this requires lender approval. Finally, if a foreclosed home doesn't sell at auction, the lender continues to own it; this is known as "bank owned” or REO (real estate owned).
Yes, most of the time. That means that if the home needs repairs, appliances are missing, or outright damage has been done to the property, it will usually be up to the buyer to handle that post-sale.
Besides getting a home that may need significant fixing-up, you could face a much longer timeframe to get to closing and keys in hand. You might also have to pay any back taxes or liens on the property if you're buying a foreclosure at auction.
It's not a requirement, but it's still a good idea to consider working with a realtor or a buyer's agent even with a foreclosure. They can protect your interests during the purchase, keep your expectations realistic, and help you understand the process - because buying foreclosed properties can be very different from a traditional home sale.
The most efficient way to find foreclosures in your target area is with a listing service. There are several platforms that allow you to search for properties according to the criteria you prefer, from number of bedrooms to estimated sale price and much more.
That depends on the foreclosure listing service you choose. Some offer a free trial period but then charge you on a month-to-month basis, while others are completely cost-free to use. We recommend trying a free service first, and then consider a paid platform if you don't find what you're looking for with the complimentary foreclosure listing provider.
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Continued from above...

So, why consider buying a property in foreclosure? Foreclosed and pre-foreclosure homes, along with bank-owned (REO) and short-sale properties, are often sold below market value, giving you the chance to stretch your budget further. And, when you purchase from a distressed seller, you might not only save money but also help a struggling homeowner avoid deeper financial trouble, such as bankruptcy.

However, it's important to approach these purchases with eyes wide open. Many foreclosed homes are sold as-is, meaning repairs and updates are likely part of the equation. Be prepared to take on potential costs like fixing structural issues, replacing appliances, or even addressing legal challenges if the home is still occupied.

Another factor to consider is the timeline. Buying a foreclosure may not follow the typical quick-turnaround schedule of traditional home sales. Bank-owned properties, for example, often involve more red tape, which can extend the closing process. Still, for those willing to plan ahead and be patient, the savings can make the extra effort worthwhile.

When you're ready to dive in, the first step is finding reliable foreclosure listings. These services aggregate and curate the information you need, from auction schedules to detailed property data. With so many options available, how do you choose the right listing platform? Consider these criteria:

  • Cost. Some services offer free trials or limited access, while others charge a subscription fee. Evaluate whether the features justify the cost.
  • Data quality. Up-to-date and accurate information is crucial. Outdated listings waste time and energy, so look for platforms with frequent updates and detailed property descriptions.
  • Ease of use. A good foreclosure listing platform should simplify the search and buying process, offering intuitive tools and clear steps for completing the purchase.
  • Coverage. Make sure the service provides comprehensive listings in your target area, including multiple property types such as REOs and short sales.
  • Reputation. Check reviews and Better Business Bureau ratings to see if others have been successful while using the foreclosure listing service. Are there any complaints about the listings or the company's customer service?

To help you achieve your real estate goals, Top Consumer Reviews has done the legwork of evaluating and ranking some of today's most popular foreclosure listing platforms. Using these services effectively can unlock some impressive opportunities, whether you're expanding your real estate portfolio or buying an affordable home for your family. Happy hunting!

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