How to Find Foreclosures on Zillow?

Where Can I Find Pre-Foreclosures?
To find possible pre-foreclosures in your area, enter your search area on Zillow, then click "Filter" and choose "Pre-foreclosure" under the "Pre-Market" area. Pre-foreclosure information is free after you register with a free account.

Be aware that a home listed under the pre-foreclosure category is a home that is not necessarily for sale. But, since the homeowner is in default on his loan, the owner may welcome an opportunity to find a qualified buyer help him avoid possible foreclosure. Also, the home could be scheduled for foreclosure auction under this category.

Where Can I Find Listings for Foreclosure Auctions?
Zillow offers listings for each stage of foreclosure: pre-foreclosure, foreclosure auctions and bank-owned listings. To find listings for foreclosure auctions, enter your search area on Zillow, then click "Filter" and choose "Pre-foreclosure" under the "Pre-Market" area. Foreclosure auctions will be listed in the pre-foreclosure section. Pre-foreclosure information is free after you register with a free account.

Where Can I Find Listings for Bank-Owned Properties (REOs)?
There are several ways to find bank-owned properties:

•MLS - Most lenders list their REO properties on the Multiple Listing Service (MLS), so any agent can help you identify REO offerings in your area.
•Bank websites - Some banks have an entire department set up to sell REOs, and sections of their websites are dedicated to their listings.
•Online specialists - Zillow has foreclosure listings, for free. You can find foreclosure properties by using search filters on Zillow's search and maps page. To find listings for bank-owned properties, enter your search area on Zillow, then click "Filter" and choose "Foreclosures" under the "For Sale" area. Full foreclosure listing information is free after you register with a free account.
How Can I Be First to Know When a Property is Listed as a Pre-foreclosure, or is Going to Auction or is Foreclosed?
Zillow offers a "Property Alert" email which will notify you when a property's status changes (e.g., goes into pre-foreclosure, is scheduled to go to foreclosure auction or is foreclosed). By getting a Property Alert email about a home, you will know very early in the process about a home that you are interested in. To create a Property Alert, go to any home details page, select "Get Updates" and click "Property Alert."

Team Thayer Real Estate House Flipping Traps! #flippinghouses #eugeneoregon #oregon #housing #market #realestate

If you’ve got several leads waiting to turn into potential deals, you can’t wait for one to suddenly come knocking at your door. Successful real estate house flippers have one trait in common: they place an emphasis on proper planning. Once you’ve secured a deal, you must decide what kind of rehab you will perform. Will you conduct a few simple cosmetic upgrades (like these 10 rehab projects you finish in one weekend )? Or, is the home nice enough to sell after an easy prehab ? Are there structural damages that will require you to carry out more major renovations? Will you focus on implementing environmentally friendly renovations – also known as “greenhabbing” – so that you qualify for certain tax benefits ? Once you’ve determined your strategy, it is important to ask yourself these specific questions before diving into the construction action: What are the current market conditions in my area? What does my ideal buyer look like? Does my marketing cam...

Understanding the tax advantages and disadvantages of homeownership #realestate #taxadvantage #taxes #housing #market

It’s no secret that some of the major perks of homeownership are the tax write-offs and advantages that follow the purchase. In fact, according to a 2015 survey by the National Association of Realtors, 80% of homebuyers see homeownership as a good investment, and 43% think it’s better than investing in the stock market. Reaping the rewards of mortgage interest and property tax deductions is just one way to think of your home as an investment. But there are even more real estate–related tax advantages and disadvantages that can slip under a new homeowner’s radar. It can be relatively easy to trigger tax liabilities or perks (and then fail to claim them) on that new piece of Eugene, Or, real estate . This is why it’s essential to touch base with your tax pro before every real estate transaction, no matter how minor a question you may have. Sometimes planning and timing make a major difference in the financial impact of a real estate–related tax; other times, ...

4 Financing Tips For Your Rental Property! Team Thayer #realestate #realestateinvestor #investor #housing #market #rentals #mortgage #news #oregon

With the spring real estate market firing on all cylinders, it’s no wonder we are seeing investors come out in record numbers. Real estate exit strategies ranging from wholesale deals to full rehabs have become incredibly attractive in today’s housing industry. However, one strategy in particular looks to be in a great place: buy and hold rental property . Cash flow opportunities are through the roof, as rents are soaring in nearly every city from San Diego to New York . Now may be one of the best times ever to acquire a rental property. However, those that have yet to do so should mind due diligence and consider what they are getting into before they make the jump. While there are a myriad of things potential landlords should consider before financing their first rental property, I highly recommend starting with the following four: Rental Property Consideration 1: The Numbers Prospective rental property buyers...

Team Thayer Property Servicing

Search This Blog