What’s the best way to find foreclosed properties? Plenty of sites charge fees to get you a list of bank-owned homes. You can visit individual banks and lenders to get lists, but that’s time-consuming.
I came across a cool blog that features a list of homes owned by good old Countrywide. Click here for the link.
The blog keeps a running tally of the Countrywide foreclosures in the U.S. At this moment, that total is 15,007, including 4,293 in California. You can click on individual listings that include addresses, pictures and a contact number for more information.
It also includes links to properties owned by about a dozen lenders, including Bank of America and Wells Fargo.
If you plan on buying a bank-owned property, do your homework. One good place to start is this list of tips from AOL. Most important: Don’t commit to anything until you’ve inspected the house thoroughly.
Meanwhile, the National Association of Realtors this week reported that nationwide sales of existing single-family homes and condos fell to a nine-year low in January, while median prices fell for the fifth straight month. In these uncertain times, a bargain-priced bank-owned house could be the way to go.