Upcoming Foreclosures

is realtytrac a good place for foreclosures? or is it just a way to get my money?

Public Comments

1. For all the hype abounding concerning buying foreclosures, the reality is that well over 95% of the foreclosures occurring end up in the hands of real estate brokerage for disposal. Yes, you can go to the foreclosure (sheriff) sales, but understand that the lender is going to be there bidding against you and others, and isn't going to let the house sell to anyone else unless the bid price goes hogh enough to satisfy the lender and what is owed to the lender. Save your money from RealtyTrac, and use a real estate agent of your choice to help you find what you want. Yes, you will get a bargain in many situations, but don't expect to come up with a purchase for half of what it is worth. Those occur only rarely.