PROS / Foreclosure.com has complete listings and good search tools.
CONS / Foreclosure.com is at a level of excellence such that there are not obvious shortcomings.
VERDICT / Foreclosure.com is one of the best foreclosure listing services.
Editor's Note: this service has updated some of its features, and this review may contain some out-of-date information as well as dated screenshots. We will update this review when we next evaluate the site.
With a dynamic that exemplifies the creative destruction inherent in free market economies, foreclosure statistics tell a sad story for those facing foreclosure. However, the same statistics translate into wonderful opportunities for those in position to buy bank owned homes. With the help of foreclosure listing websites such as Foreclosure.com, ordinary folks, not just investors, are becoming interested in bank owned properties. Foreclosure.com lists almost two million distressed properties. The hard part is not filtering down to properties that meet your criterion, oftentimes the hard part is getting banks to respond to offers. Fortunately, the level of detail in a Foreclosure.com listing provides you with good information that helps in negotiations. Furthermore, the extensive educational material hosted on Foreclosure.com teaches the industry concepts so well that your offer is perhaps more likely to get noticed by bank officers charged with removing real estate from lists of bank-owned real estate. Our Top Ten Reviews Silver Award for online foreclosure listings goes to Foreclosure.com.
Foreclosure.com maintains comprehensive lists of foreclosed properties that include tax information and community details. There are property photos and map views at the aerial and street levels so you can do a drive by without getting in your car. There are millions of properties to consider in the United States (including D.C.) and Puerto Rico. Some foreclosure listing web services limit search options to city, county, state and zip code. But Foreclosure.com expands search so that you can find a specific number of bedrooms or bathrooms. Other search options include minimum and maximum price ranges plus the ability to flag properties by status such as: Notice of Sale, Bankruptcies, Sheriff Sales, Tax Liens and Auction. Or you can look at government repossessions such as HUD, VA or Fannie Mae. You can navigate quickly by clicking on the list headings at the top of the listed property results to automatically sort in ascending or descending order.
This foreclosure listing service includes useful tools such as community information for each listing, listing alerts via email and Zestimates from Zillow. There are also helpful articles about foreclosure, bankruptcy laws and state specific laws. You can read information regarding the local school districts including student-teacher ratios. Crime reports are also available. You can sign up for free daily email listing alerts without being obligated to subscribe. Foreclosure.com can also help you to find a Realtor who covers your zip code.
There are quite few calculators:
- Home Loan Calculator
- Rent vs. Buy Calculator
- Refinance Calculator
- Biweekly Mortgage Calculator
- Points Comparison Calculator
- Affordability Calculator
- Fixed vs. Adjustable Rate Calculator
- Down Payment Comparison Calculator
- Home Equity Calculator
- Real Estate ROI
- Savings on Commission
Foreclosure.com is a safe and secure website with valid security certificates and encrypted pages at all stages of the sign-up process. Contact is via telephone, email and live. There is a company blog and community forum to aid in answering questions not addressed in the FAQs. Foreclosure.com offers a free seven day trial. You can follow Foreclosure.com on Facebook, Twitter, Google +, Pinterest and YouTube.
In order to bid on foreclosed properties, it is necessary to have access to inventory lists. Until the advent of online foreclosure listing services, the way to know which properties were in foreclosure was to visit the local courthouse. Foreclosure.com has people who visit the courthouses on your behalf and then post results online for you to view. The Foreclosure.com listings include tax and community information, property photos and map views. Foreclosure.com’s online learning center has articles that explain foreclosure laws and how to improve your credit. You can sign up for email alerts about properties that fit your criteria. You can also use the multiple online calculators to improve your chances of attaining your real estate investment goals.