Best Place To Buy Foreclosures -

: Online tool for searching Citi-owned properties. 4. Local Sources for Better "Deals"

When a property fails to sell at auction, the bank takes ownership. These are called properties. You can find them on the banks' own real estate centers:

: Searching for "Notice of Default" filings in public records allows you to find pre-foreclosures before they hit the open market. Comparison of Foreclosure Buying Methods Risk Level Ease of Purchase Auction Courthouse / Auction.com High (Cash only, sight unseen) REO (Bank) Bank Websites / MLS Moderate (Sold "as-is" but title is clear) Gov-Owned HUD / Fannie Mae Low (Priority for residents) Pre-Foreclosure Public Records Varies (Requires negotiating with owner) How to buy a foreclosed home - Bank of America Foreclosures