OfflineFree websites that can be used to locate bank-owned property:
American Home Mortgage Servicing, Inc
https://re.ahmsi3.com/staticBroker/rePropertiesNew.jsp
Bank of America (including Countrywide)
http://bankofamerica.reo.com/search/propertysearch.aspx
BB&T
http://www.bbt.com/applications/specialassets/search.asp
Chase
http://mortgage.chase.com/pages/other/co_properties_landing.jsp
Citi
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do
Compass Bank
https://www.compassbank.com/appforms/properties/index.jsp
GMAC and CapMark- Now Berkadia
http://www.berkadia.com/Berkadia/REOProperties.aspx
HomePath by Fannie Mae
http://www.homepath.com/
HomeSteps by Freddie Mac
http://www.homesteps.com/hm01_1featuresearch.htm
HSBC
http://www.banking.us.hsbc.com/HICServlet?cmd_PropertySearchDefault=cmd_...
HUD - Housing and Urban Development Listings
http://www.hud.gov/homes/index.cfm
IndyMac (now OneWestBank)
http://apps.indymacbank.com/individuals/realestate/Search.asp
M&T
http://services.mandtbank.com/personal/bank_owned_prop.cfm
Ocwen
www.ocwen.com/
Regions Bank
http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp
SunTrust
http://suntrust.res.net/
Wachovia
http://reo.wachovia.com/
Top Negative Equity States and Cities
Here’s a list of the ten most under water states and the ten most troubled cities when it comes to negative equity.
Top 10 States with Negative Equity as a Percentage of Total Mortgages
Nevada—69.9%
Arizona—51.3%
Florida—47.8%
Michigan—38.5%
California—35.1%
Georgia—27.8%
Virginia—24.3%
Maryland—22.9%
Idaho—22.7%
Utah—21.1%
National average: 23.8%
Top 10 Cities with Negative Equity as a Percentage of Total Mortgages
Las Vegas/Paradise, NV—74.7%
Phoenix/Mesa/Glendale, AZ—57.5%
Orlando/Kissimmee/Sanford, FL—55.5%
Riverside/San Bernardino/Ontario, CA—54.9%
Ft. Lauderdale/Pompano Beach/Deerfield Beach, FL—54.2%
Miami/Miami Beach/Kendall, FL—49.8%
Tampa/St. Petersburg/Clearwater, FL—48.5%
Sacramento/Arden/Arcade/Roseville, CA—46.1%
West Palm Beach/Boca Raton/Boynton Beach, FL—45.4%
Jacksonville, FL—44.3%
Warren/Troy/Farmington Hills, MI—44.0%
Other markets at or above the national average include Cleveland/Elyria/Mentor, OH; Oakland/Fremont, CA; San Diego/Carlsbad/San Marcos, CA; Washington, DC/Arlington and Alexandria, VA; Atlanta/Sandy Springs/Marietta, GA; Chicago/Joliet/Naperville, IL; Los Angeles/Long Beach/Glendale, CA; and Denver/Aurora/Broomfield, CO.
Most of these markets have seen dropping prices since 2006 and many continue to see drops, though at a slower rate than in the past two years. These will remain the foreclosure capitals of the country for the foreseeable future and the greatest opportunities for Short Sale Investors because of the large inventory of homes that cannot be sold without a loss.
Cindy
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard
Thanks for this information!
Awesome, just awesome! Thank you for the information.
Richard
Bothell, WA
Know what truely matters in life, consume yourself with that, and you shall never be disappointed, afraid, or alone. Give your gratitude always, give respect to everyone, and you shall never be anything less than what matters the most. Give praise to the Lord, forgive yourself and others, and with all of this together you will get a taste of what heavens lie ahead.
Thanks for the 411
Anxious to start in North Dakota My theme song Travis McCoy (ft[1]. Bruno Mars) - Billionaire - CurrentHipHop.com.mp3
Great information. Thanks
This is just what I've been looking for
Wow!! a wealth of information. Thanks for sharing.
You're welcome. I was excited when I found it and the first thing I wanted to do was share.
Cindy
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard
Thank you for sharing the info Cindy!!!
Robin
Robin Potter - REI
http://robinpotter.com
http://robinpotter.com/twitter
http://robinpotter.com/facebook
" All things are possible to him who believes. " [Mark 9:23]
Thanks for the info. I sure at some point this list will be important to help locate reo.
Averyday is a Friday so weak up each morning and get excited.
Thank-you for the great information.
This info will be great to have.
I have some these links since I do short sales but not all of them.
Thanks for sharing!
Laura
www.bmwinvestproperties.com