RealtyTrac Vice President Daren Blomquist explains what RealtyTrac is – and what it isn’t – in the first segment of Foreclosure Buying 101. This lays the foundation for what to expect when using RealtyTrac to successfully find and buy foreclosure homes.
The definition of foreclosure is surprisingly slippery, so it’s important to have that straight when discussing the opportunities involved in buying a foreclosure. The foreclosure process is explained in detail including topics such as when a foreclosure begins, the four possible outcomes of the foreclosure process and the pros and cons of buying a foreclosure.
Learn about the three different opportunities to buy a distressed property while it is going through the foreclosure process. Details on buying a pre-foreclosure — often via short sale — buying a home at a foreclosure auction and buying a bank-owned home are included in this video.
This video covers the critical basics of the RealtyTrac premium subscription website, from log in to accessing the powerful My RealtyTrac section of the website, along with some often-overlooked resources available to members and a shortcut to accessing customer support – online, via email and over the phone.
Learn how to use powerful search filters on RealtyTrac’s subscription website to find pre-foreclosure properties that are in default but not yet foreclosed. Get tips and tricks for setting your search parameters to most effectively and quickly pinpoint the best properties for your criteria in any neighborhood nationwide.
Learn how to search for bank-owned homes and properties scheduled for foreclosure auction, and view the wealth of valuable information included with each home posted on RealtyTrac’s subscription site. This video includes tips on how to use the map search, filter your search by listing status and how to receive property status email alerts to be notified of a change to a property’s status.
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