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Search Foreclosure Homes For Sale For Free

May 5th, 2008 categories: Foreclosure, Home Buyer

Foreclosure Homes For SaleAre you trying to find Bank Owned Homes for sale? In Real Estate we refer to these as REO homes? And many of you call them Foreclosure Homes?

The free search for homes on the right hand side of Sacramento Real Estate Voice now includes for your convenience listings of Bank Owned homes for sale.

In other words you can find homes that are in Foreclosure which is Bank Owned and we call them REO homes for sale.

You can also select Short Sale homes. Be sure to read the difference between a Short Sale and a Foreclosure home. I have provided a picture of what the screen will look like after you select the county that you want to view homes for sale in.  Here are the steps involved in your FREE Foreclosure Home Search.

  1. Click on Search for Homes
  2. Select the County that you want to Search for a Home, Condo, Land etc.
  3. Select the minimum and maximum amount you wish to spend and any other specifications.
  4. Select REO/Bank Owned or Short Sales if you are want to see Foreclosed homes for sale.
  5. Then select the Cities/Communities that you are interested in specifically
  6. You may view the homes for sale within a map or by a list, your choice

There are a slew of REO homes for sale in the Sacramento area and surrounding areas. Lately, I’ve been seeing multiple offers on this home for sale. Many going for much more than what the current asking price is. I have to wonder why. There are so many, I wouldn’t think it necessary to pay more than required to get a good house at a great deal.

Yesterday, while previewing a bank owned home for sale in Carmichael, CA for a home buyer, I received a phone call from another home buyer asking about a bank owned home for sale in Citrus Heights, CA. To my surprise, both homes are in pending sale as of last night with multiple offers.

Interest rates are thought to go down one more time if the powers that be think it won’t hurt the economy. What I understand is that rates will be going back up during the year. Getting qualified for a mortgage loan is getting harder for most people so if you want to get in on these good home prices, I have a couple of suggestions.

  1. Get Pre Approved for a home Loan with a Reputable Lender
  2. Hook-up with a Full-time, experienced Realtor
  3. Have a back-up house that you can write an offer on should the 1st one be in multiple offers
  4. Don’t waste any time. You may just be one of the many who find themselves unable to qualify by the time you get around to getting really serious.  Many already are.

Home buyers are afraid and I can’t blame you with all the negative talk on TV and with people who think they know all about Real Estate and financing. Everyone and their brother is an authority. Also, many new home buyers think that prices will continue to go down. I have a very good answer to that.

If you working with a knowledgeable Realtor, they will make sure that you get an excellent price. They take into account prices going down. Now, let’s say you wait until prices go down a little more and interest rates go up a little more…what have you accomplished? Not much except that your payment will probably be more.  That is if you qualify by that time. I hope I made sense to you. If you think prices will go down say 1% or 3% even 5% more, than offer that now while interest rates are still down. Makes good sense to me. If you like what you read here on If you like what you read here on Sacramento Real Estate Voice simply click and subscribe FeedButton to get the latest articles sent to your email.

Below are articles to read about Bank Owned and Short Sale:

Move Out of the Way, Bankers

Sacramento Short Sales and Foreclosures

Do You Understand Foreclosure?

What Does Short Sale Mean?

This entry was posted on Monday, May 5th, 2008 at 6:00 am and is filed under Foreclosure, Home Buyer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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