re: LA, MS, & AL lead the nation in people facing foreclosure percentage wise

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Is there a good resource to find upcoming foreclosures? I’d like to get another junk house and fix it up into a rental

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There is no way to get an "upcoming foreclosure" unless you can buy directly from the owner. Often when they are at that point there are other liens against the property, or you have to work out a short sale with the owner and bank, or a couple is in the middle of a nasty divorce.

Often it's best to let them go to the Sheriff's sale and buy there to get a clean title.

Also check out Auction.com, Xome.com, etc. Those are the auction sites used by HUD and financial institutions to sell off the houses they get conveyed back to them.



I tried to buy a house from a couple divorcing about 6 months ago. The husband was not cooperative despite the wife trying just to get from under it. I now have a client (the bank) who wants a remodel done on the house as the bank completed the foreclosure process and owns it.

The couple could have put some money in their pocket and not had a foreclosure on their credit but the husband chose not to out of spite. People are nuts.