Foreclosures & Foreclosed Homes For Sale - 2450 Homes | Zillow (2024)

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Foreclosures & Foreclosed Homes For Sale - 2450 Homes | Zillow (2024)

FAQs

How do I get a free list of foreclosures in my area? ›

Foreclosure listings — free sites
  1. Equator.com. ...
  2. HomePath.com. ...
  3. HomeSteps.com. ...
  4. Zillow Foreclosure Center. ...
  5. Realtor.com Foreclosures. ...
  6. Bank of America-owned properties and foreclosures. ...
  7. RealtyTrac. ...
  8. Foreclosure.com.

Which bank has the most foreclosed homes? ›

10 banks foreclosing on the most homeowners
  1. Bank of America. Loans in foreclosure: 96,319.
  2. Wells Fargo. Loans in foreclosure: 84,903. ...
  3. J.P. Morgan Chase. Loans in foreclosure: 54,325. ...
  4. U.S. Bancorp. Loans in foreclosure: 44,881. ...
  5. Deutsche Bank. Loans in foreclosure: 33,608. ...
  6. Bank of New York Mellon. ...
  7. Citigroup. ...
  8. HSBC Holdings. ...
Mar 21, 2013

Where are foreclosures highest? ›

According to the findings, New Jersey and Illinois tied for the highest foreclosure rate in the country for the first half of 2024, at 0.21% percent of housing units hit with a foreclosure filing. Following closely behind is Florida at 0.20% of units, then Nevada (0.19 percent); and South Carolina (0.19 percent).

How to buy a foreclosed home in Michigan? ›

Tips for buying a foreclosure in Michigan

You may be able to negotiate deals with the banks that currently own these homes and MUST sell them. Typically foreclosure homes in Michigan sell for 10-15% under the current market value. This means that you will receive a large discount to purchase a bank owned home.

What is the most accurate foreclosure site? ›

Top 10 Websites for Accurate Foreclosure Listings
  1. Zillow. Zillow is one of the most popular real estate websites, offering a wide range of listings, including foreclosures. ...
  2. Realtor.com. ...
  3. Foreclosure.com. ...
  4. RealtyTrac. ...
  5. Bank of America Real Estate Center. ...
  6. HUD Homes. ...
  7. HomePath by Fannie Mae. ...
  8. Auction.com.
Jul 1, 2024

What exactly is a short sale? ›

“A short sale is when a mortgage lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner. The lender forgives the remaining balance of the loan.”

Who suffers the most in a foreclosure? ›

Who Suffers the Most in Foreclosure? Homeowners suffer the most in foreclosure because they lose the home that they live in as well as take a huge financial loss due to the foreclosure.

What state has the lowest rate of foreclosure? ›

North Dakota emerges with the highest foreclosure rate at 34.29%, followed closely by West Virginia with a significant increase of 168%. Conversely, South Dakota experiences the lowest rate at 13.64% of HUs. Foreclosure rates often reflect economic conditions and housing market stability.

Is there a foreclosure crisis in 2024? ›

Foreclosure starts down 3.5 percent from last year

A total of 130,369 U.S. properties started the foreclosure process in the first six months of 2024, down 3.5 percent from the first half of last year and down 32 percent from the first half of 2020.

How long does foreclosure take in Michigan? ›

Redemption Period – starts day of Sheriff Sale -Six (6) months is most common. -If the amount claimed to be due on the mortgage at the date of foreclosure is less than 2/3 of the original indebtedness, the redemption period is 12 months. -Farming property can be up to twelve (12) months.

What is the foreclosure rate in Michigan? ›

Michigan had 12,490 total foreclosures and a foreclosure rate of 0.27% last year. Across America, Attom found that the 2023 national foreclosure rate was 0.26%, which was up ten percent from 2022 and 136% from 2021.

How does a foreclosure auction work in Michigan? ›

A foreclosure sale must be made at a public auction to the highest bidder. The trustee or the sheriff of the court of the county in which the property is located may conduct the sale between the hours of 9:00 am and 4:00 pm on the date specified in the Notice of Sale.

How to find foreclosures in Florida? ›

Meanwhile, you can find foreclosed properties at:
  1. Hud.gov.
  2. Foreclosure lists on various bank websites.
  3. Property owners motivated to sell in pre-foreclosure.
  4. Florida Home Auctions.
  5. Bank-owned/REO properties.
Mar 3, 2023

Is hudhomeusa.org legit? ›

It is not affiliated with the government or HUD in any way. It's primary function is to collect contact information from visitors looking for a potential “bargain” home. The information is sold to other “Real Estate” companies and agents as well as credit repair and referral services.

Is foreclosure.com legit? ›

Yes, Foreclosure.com is a legitimate platform for investing in discounted real estate, though access to full listings requires a paid membership after the 7-day free trial. For both first-time investors and seasoned experts, they provide comprehensive, real-time data to identify promising investment properties.

How to buy foreclosure homes in Los Angeles? ›

How to buy foreclosures in Los Angeles
  1. Get pre-approved for financing. ...
  2. Hire a top Los Angeles real estate agent with foreclosure expertise. ...
  3. Find foreclosed homes in Los Angeles. ...
  4. Tour foreclosures in person. ...
  5. Submit offers. ...
  6. Conduct due diligence on the property. ...
  7. Get the home appraised if you're financing it.

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