There are many online resources that can be helpful in finding a great deal on foreclosure homes. Sticking to these 5 tip can prevent you from going down the wrong path in finding a good deal on a foreclosure property.

Tip 1 - Make sure the properties are currently available. Many of these online website have millions of properties listed as foreclosures. Yet, after doing a little due diligence, you can find that they are old property listings that they leave on their website to prop up there numbers. The best way to curb this is to do a drive by of the home. Pick a few area homes through your online search and actually drive by the house. Check for 'for sale' signs, or just overall disrepair.

Tip 2 - Search the online tax resources provided by counties. Most counties have online resources that you can use to find out more information on the properties you are interested in. You can confirm bedrooms/baths, square footage, along with taxes paid and last sale dates. There is a plethora of great information available from county tax appraiser websites.

Tip 3 - Concentrate on homes without pictures. The majority of people home shopping want it all handed to them before they go out to the property. They want virtual tours, numerous pictures, full descriptions, etc. I have found that homes without online pictures are rarely visited and you can get some great deals. Just because the bank did not provide a picture does not make it unworthy to check it out.

Tip 4 - Do not ever get discouraged. I have spoken to many people who have used foreclosure websites and tell me what a rip off they are. Most people I have spoken to have actually tried out the free trial on a foreclosure website or two. But they were all discourage because of the lack of information and the ratty homes they saw on the website. Because of this, they got discouraged and stopped using these websites. If it was that easy to find a foreclosure property, everyone would be living in one. Do not ever get discouraged, stay vigilant and a deal will pop up. Trust me.

Tip 5 - Stay local. There are many reasons to stay local on your search but I will concentrate on one point. Since you are local, you know what the truly bad area are and where to stay away from. You also know what areas have the best potential by simply living in the area. You see by reading the local papers and know what areas are being revitalized by cities. This is key to getting a good deal on any real estate deal.

More info on your stop foreclosure information search:

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