When it comes to finding and purchasing an REO property for purchase, Broker Greg Toussieng always recommends connecting with a qualified expert who can access the RES.net database. But did you know that there are also resources where you can find REOs — for free?!
There is no better place to find REO listings than RESNET. As a RESNET Certified professional, Greg Toussieng knows that from experience. RESNET is the only database exclusive to REO listings, or bank-owned foreclosed properties available for public purchase. However, there are quite a few foreclose sites out there, where you can find both REO listings and a wide variety of other properties in a similar realm of sale. Although most of these properties may not have all the same purchase benefits as an REO, you may be able to find something worthwhile… if only to get some ideas!
Here are the best free foreclosure database sites recommended by Choice Home Mortgage Broker, Greg Toussieng:
- Equator
- HomePath
- HomeSteps
- Zillow
- Realtor.com
- Bank of America
Additionally, if you’re serious about investing in property, you might even consider a low-cost subscription service. For a fee, these resources offer you even more opportunities than the above mentioned websites! Toussieng recommends the following as worth checking out:
- RealtyTrac
- Foreclosure.com
The best part is: both of these two sites offer free 7-day trials. So if you don’t find what you’re looking for, you still have time to reach out to a RESNET Certified REO Broker like Greg Toussieng! As always, Toussieng recommends connecting with a qualified professional who can answer any and all questions that may help point you in the right direction. Of course, Zillow is a wonderful resource; but the listings won’t respond to your questions for you!
Leave a Reply