How do I find foreclosure listings?

How to Find Foreclosed Homes

Search government agency websites.
Check out bank and mortgage lender listings.
Look to foreclosure-specific real estate platforms.
Enlist a local real estate agent or broker.
Search through county records.
Attend a sheriff’s sale or in-person auction.
Contact an asset management company.

How many foreclosures were there in 2021?

Foreclosure starts down 63 percent from last year A total of 36,742 U.S. properties started the foreclosure process in the first six months of 2021, down 63 percent from the first half of last year but up 14 percent from the last half of 2020.

Are foreclosed homes cheaper?

In most cases, foreclosed homes are much cheaper than other homes in the area, and you can sometimes find a good deal. However, these homes also often have severe damage and structural issues and are usually sold as-is. Get in contact with an experienced real estate agent if you want to take a risk on a foreclosure.

What state has the most foreclosures?

Delaware had the highest foreclosure rate in the country this year, according to a nationwide realty data analysis. One in every 1,705 housing units in Delaware had a foreclosure filing in the first quarter of 2021, according to the report from ATTOM Data Solutions.

How is foreclosure data used in real estate?

Real estate portals can use our foreclosure data to display the most recent foreclosure properties as a way to increase user engagement and drive more leads to their agents. Pre-foreclosure and foreclosure data arms mortgage originators with information to supplement credit data and more accurately assess risk when underwriting loans.

How does ATTOM Data Solutions provide foreclosure data?

With our team of local data collectors, ATTOM Data Solutions provides your business with complete and up-to-date nationwide pre-foreclosure and foreclosure records and details— the largest footprint available from any property data provider.

How does a bank foreclose on a home?

Bank Foreclosed Homes. Bank foreclosed homes are also called real estate owned (REO) foreclosures. When property owners are unable to make payments on their bank-held mortgage loan, the bank forecloses on the property in an attempt to repossess it. This is how a property becomes a bank foreclosure home.

How does pre foreclosure data help mortgage originators?

Pre-foreclosure and foreclosure data arms mortgage originators with information to supplement credit data and more accurately assess risk when underwriting loans. Properties currently or previously in foreclosure pose a risk for insurance companies because foreclosure properties often incur damage during the foreclosure process.