Finding Foreclosures/short sales etc

[Eric Creel]

Hello,

I am looking for the best method of finding investment homes for low prices. My first flip is on the market and I’m trying to plan my next move. The market where I live is very strong like most of the country, but for a quick sell they are usually under 200k. The issue is that everyone wants to live in this school district and even the junk houses are asking full market price. If I bought one of these website subscriptions would I have real access to foreclosure listings? Do I approach banks and ask for foreclosures? Do I go to a realtor that can find these for me?

Thanks in advance!

[Sam Shueh]

I read the US today has 0.65% borrowers who are not making payments and are behind. That does not mean those who have liens on from late payments, taxes who's homes are on the auction block. Often they arrange for a payment plan to get these people back on track.  Cheapest way is to contact a local distressed property realtor for a list.  I don't send out my list any unless the client has been qualified for finance. Preapproval letter. Most investors only want to pay cents on a dollar. The rock bottom prices rarely happen. You can try auctions.com study what prices they were sold. Banks do not even handle foreclosures. They sell all to other banks who have the patience and want to mark up the price to make money.  There properties often sell higher than regular home sales.