Finding Foreclosures Online
Flagstar Bank is a large Michigan-based bank that originates mortgage loans in their 100+ bank brances. Flagstar Bank occasionally has foreclosed properties which they list on their website. Learn about Flagstar Bank and their foreclosed properties by reading this article.
Fannie Mae foreclosures are known as Homepath properties. Homepath foreclosures allows buyers to buy foreclosed homes with special financing and other benefits. Homepath listings are represented by local real estate agents and listed on the local real estate MLS system. Homepath homes are popular and a buyer should be prepared for multiple offers in a good market. Learn about the details of Homepath properties.
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.