America Icon
Your source for money–saving financial services

Foreclosure Listings

Due to high unemployment, the housing bubble bust and the slow economy, many people have lost their homes. People who have mortgages but purchased their homes for significantly more than they’re worth today are underwater; so they can’t sell to cover their debt. If they can’t afford to pay their mortgage, and they can’t sell their home because it’s underwater they may lose their home to the bank. Eventually it is likely to become a foreclosure listing.

Buying a foreclosed home you find in the foreclosure listings is a little different from buying a typical resale home. When borrowers fail to make their mortgage payments and are unable to sell their homes because they are underwater, lenders take possession and offer them for sale. In these kinds of situations there is often a single real estate agent. Typically the owner requires a letter of preapproval from a lender in cases where the buyer needs a loan. Foreclosed homes are typically sold in as is condition.

Advantages of buying a home that is a foreclosure listing are that there is no waiting period to move in, and it is possible to get an excellent price. Another important reason to purchase a home from foreclosure listings is that it transforms the home from an unsalable property to a home that is affordable for new owners. Foreclosure listings help to make the housing market function normally again.

The majority of distressed properties sold recently were purchased by first time buyers, according to Lawrence Yun, chief economist for the National Association of Realtors. Before you begin looking at foreclosure listings, you should get preapproved for a mortgage. Foreclosures are being sold by banks that work with certain realtors, and it might be a good idea to find out which ones are working in the area you’re interested in. We at have a nationwide database of millions foreclosure listings. We can help you get started on a search that can result in savings of thousands of dollars by selecting a bank foreclosure listing rather than a typical real estate listing. According to ABC News, people purchasing from foreclosure listings save on average 28%.

When you buy a home through foreclosure listings, make sure to get a home inspection just as you would with a typical listing. As with any other home purchase, title insurance is also important. In the first half of 2012, foreclosures rose in almost 60 percent of large U.S. cities, so the chances are better than ever that foreclosure listings will bring you better than ever bargains. Consult our complete selection of foreclosure listings at and find the home of your dreams.

For more information, go to Foreclosure Listings at

What the Current Economy has done to Foreclosure Listings was last modified: January 10th, 2013 by KimberlyC

Comments are closed.

The operator of this website is not the provider of the services/products.
This site will share the application information provided by the consumer with one or more providers.
This site will match you with the best cash advance lender based on your application.
Not all applicants will be matched with a provider, and not all applications will be approved by a provider.
CreditNowUSA cannot guarantee the amount of funds that may be extended if a lender approves the application.
*Not all lenders can provide up to $1,000. Consumer loan amounts vary bases on creditworthiness.
Lenders tend to provide upper range loan amounts to returning customers. Cash transfer time may vary between lenders.
Funds are not available until the next business day. Cash advances are not available in all states.
Lenders may undertake credit checks or otherwise verify the consumer’s social security number or other information.
If and when lenders preform credit checks they are ran via specialized credit bureaus.
Late payments of loans may result in additional fees or collection activities, or both.
Non-payment of credit could result in collection activities.
Each Lender has their own terms and conditions, please review their policies for further information.
Every Lender has its own renewal policy, which may differ from Lender to Lender. Please review your Lender’s renewal policy.
The operator of this website is a member of the OLA (Online Lenders Alliance) and adheres to the OLA's Responsible Lending Policy.
Please refer to our Privacy Policy for important information on the use of cookies.
By continuing to use this website, you agree to the Notices and Disclosures and the Privacy Policy.

© 2013 CreditNowUSA — All Rights Reserved
9777 Pyramid Ct., Suite 225 Englewood, CO 80112