Finding Foreclosures Online
Keybank is a regional bank located in Cleveland, Ohio. Keybank has over 1,000 branches and locations in 14 states. When mortgagors default, Keybank forecloses on the property. KeyBank has a separate wholly-owned subsidiary that manages their foreclosed (known as OREO) properties. You can find the details of KeyBank foreclosures online. Read more here.
One of the largest sources of foreclosure properties is the Department of Housing and Urban Development (HUD). HUD lists their available properties through local listing brokers. HUD is a good source of REO foreclosures for investors and homeowners. Understanding the HUD process is critical and much can be learned from the resources provided directly by HUD.
Chase has a large national inventory of foreclosure properties. Chase lists their homes with local real estate agents who should have the property listed in the local MLS system. You can find foreclosure listings from Chase in your local MLS system as well as online at Chase’s website. Properties are listed after the foreclosure process which can take between a few weeks and several months or even years. There are specific tips that are provided when interested in purchasing a Chase foreclosed property.
M&T Bank is a large regional lender that utilizes several different methods to sell their foreclosure properties. Through public foreclosure sales as well as real estate agents on the open market, M&T Bank offers their foreclosures to new home buyers. M&T Bank offers several web tools that are very helpful for buyers searching for a foreclosure property. Learn more about buying foreclosures from M&T Bank.
Wells Fargo has a large number of foreclosed properties available for sale. Wells Fargo utilizes local real estate agents for selling their homes and has special financing programs for homes in need of repair. You should generally expect to wait about 48 hours for responses to offers from Wells Fargo. Read more about Wells Fargo foreclosures.
SunTrust Mortgage is the lending operation of SunTrust Bank. SunTrust has operations in many states across the country with a concentration in the south of the country. SunTrust Bank lists their foreclosure properties with local real estate agents. According to SunTrust, foreclosures are priced at fair market value. SunTrust has foreclosure properties available that they own as well as mortgages that they service for other investors.
OneWest Bank (and the former Indy Mac Bank now owned by OneWest Bank) have a large inventory of foreclosed homes. OneWest Bank has a specific process as it relates to selling their foreclosures. You can find lists of the OneWest Bank foreclosures for free online.