Are Foreclosures Listing Sites a Rip-Off
When you are looking to buy a foreclosure you can get the information you need from a variety of sources. One of those sources is a foreclosures listing site. Some are free and for some you pay a monthly fee. But are they a rip-off?
You can find foreclosures for sale in the local paper, or by visiting the county courthouse to see if there are any public auction notices filed there. If you want more in-depth information about it like property tax roll data, the lenders files, statistics about the crime rate in the area as well as the local school districts you need to look through court house public records and visit or phone various government agencies and lending institutions.
Doing all that research at various places can be time consuming and mentally draining. This is where foreclosures listing sites can prove to be beneficial. If you’re time poor it can save you spending loads of time driving to or calling up government agencies and lenders for the information you need.
There are two types of foreclosures listing sites – free and fee based.
The free foreclosures listing sites give you some good basic information like the price, the address, some give you the number of beds and baths as well as the name of the agent dealing with the property. The free foreclosures listing sites don’t always have photos of the properties listed. So although you don’t have to pay for this information, you still may have to spend time on the phone or driving to courthouses/ govt agencies to get all the information you need about the foreclosure property
The fee based foreclosures listing sites also vary in the amount of information they give you, though it is always more in depth than just the basic info the freebie sites give you. They often give you the data you’d otherwise have to get through govt agencies and lenders which can include data from property tax rolls, the lender’s files, the listing details, local school districts and tax roll information.
In my opinion I think the fee based foreclosures listing sites are not a rip-off and provide great value for money. The detailed information they provide can save you hours of time spent visiting courthouses, government agencies and lending institutions conducting your own research.
If you want to save yourself hours of time and legwork researching foreclosure properties try out our recommended listing site foreclosure.com so you can see for yourself just how much detailed research they provide on the foreclosure properties listed there. They even offer a FREE 7-day trial so you can research to your hearts content at no cost ot you for 7 days. Go here now to try it out.
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