6 sites to help you find foreclosures
House hunters tour a foreclosed home in Connecticut. Banks, foreclosure-listing services and the government often list foreclosed properties for sale online. (Spencer Platt/ Getty photo / August 19, 2011)
Other states on the list were Nevada, Arizona, California, Utah, Michigan, Florida, Georgia, Illinois and Colorado.
Nationwide, foreclosure filings rose 4 percent from May to June, Bankrate.com reports. What's helpful about the list is that it shows the average foreclosure sales price in each of the top 10 states. So people interested in buying houses on the foreclosure market get a good idea of what they can expect to pay. A word of warning, though: Foreclosures may look like great deals, but buying one can be a hassle.
To find foreclosures, there are several resources online:
RealtyTrac.com (free for seven days; $49 a month for a monthly subscription or $25 a month for an annual subscription) and Foreclosure.com (free for seven days; $9.95 a week). Equator.com also provides a free listing of homes in foreclosure.
HomePath.com lists properties owned by Fannie Mae (acquired through foreclosure). Besides listings, Fannie Mae's site also offers two types of financing: the HomePath mortgage, which allows as little as 3 percent down, and a renovation mortgage, which finances your purchase and a "light" renovation.
HomeSteps.com lists properties owned by Freddie Mac. Buyers of a Freddie Mac home they plan to live in may qualify for a two-year warranty and an appliance discount of up to 30 percent.
HomeSales.gov lists homes for sale by the federal government.
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