What do you hope to accomplish with a foreclosure service?
I like RealtyTrac. They have a nice interactive map that you can search with, free of charge. The only thing you won’t get is addresses and other details. You have to pay for those. But what good will it do you to find an REO on one of these services? If you can track down the bank that owns the REO, you will be told that all properties that are actually for sale are listed in the MLS with an agent. Unfortuanately this is a very small percentage of the massive REO inventory, you will find.
The banks are not selling, so knowing which bank owns it is not of much use. It is a good idea for everyone interested in catching a knife or enriching a realtor to spend some time looking at the REO situation. Don’t just look at your area of interest, look at the whole state, then AZ and NV and then decide if we are anywhere near a bottom.
