Free foreclosure listing is a favorite tool for foreclosed real estate investors. The sub prime mortgage crisis that caused the failure of Fannie Mae and Freddie Mac have made the foreclosure and bank owned housing market a definite buyers market. With foreclosures on the rise and very little being accomplished by the government on mortgage modification, this is a trend that will probably continue for many years to come.
Banks and mortgage companies are still in a recovery phase so their lending ability is drastically curtailed. Investors who can get approved for any kind of real estate loans are few and far between these days. They need all the tools and help they can get to sift through all the foreclosed or bank owned properties on the market today. With these lists, investors can quickly evaluate several prospective homes and invest in the one with the best price for its condition and location.
There are several companies that offer free lists to investors online. Some companies will offer free lists for some states then charge for additional states. Others have a monthly service fee with a 7 day free period to encourage investors to try the service. Many foreclosure investors do not mind paying a monthly fee if it is a reasonable one and provides them with current updated lists. As in any market, foreclosed real estate markets are constantly changing. Nothing could be more frustrating for an investor then to visit a listed property and find that it is no longer available.
In summary, real estate investors who want the quick and high profits foreclosed properties offer will benefit from a free foreclosure listing.
By the way, by researching and comparing the best free home foreclosure listings services in the market, you will be able to determine the one that meets your specific requirements, plus the free or cheaper options. This way you will save time through up to date foreclosure listings and money by getting better results over your investment.
Hector Milla runs the Free Home Foreclosure Listings website, where you can see a review of the best rated free foreclosure listing service.
Read our full reviews, plus hundreds of articles and video training about this subject.
Article Source: http://EzineArticles.com/?expert=Hector_Milla
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