
Foreclosed Homes. Due to
users tremendous interest in
foreclosures, VirtualFSBO.com
now offers you free access to one of the
nations largest databases of pre-foreclosures, bankruptcies, and
tax liens (updated daily). Browse foreclosed homes by
clicking a state above. You can search
approximately 1,500,000 foreclosure listings across the U.S.
Why are foreclosures and pre-foreclosures such a big deal?
Home buyers and investors are saving enormous amounts of money
by purchasing a home in foreclosure or pre-foreclosure status.
It is possible to locate pre-foreclosure and foreclosure homes
priced hundreds of thousands below their estimated market value.
A "pre-foreclosure" means that the homeowner has been sent the
foreclosure notice, but it has not yet been foreclosed on by the
lender. This is a great time to make an offer to the
homeowner.
Is there a cost?
You can try the service for free for 14 days. This is more
than enough time for you to "test-drive" the service prior to
purchasing a subscription. If you do continue with the
subscription, you may cancel it at anytime.
Can I view properties prior to subscribing? Yes, you
can use the map above to view detailed property information,
including price and property value estimates prior to
subscribing to the 14 day trial period. However, you can
only view contact information after you have signed up for the
free 14 day trial period.
What is a foreclosure? A foreclosure is the legal
proceeding in which a bank or other secured creditor sells or
repossesses a parcel of real property due to the owner's failure
to comply with an agreement between the lender and borrower
called a "mortgage" or "deed of trust". Commonly, the violation
of the mortgage is a default in payment of a promissory note,
secured by a lien on the property. When the process is complete,
it is typically said that "the lender has foreclosed its
mortgage or lien." |