How to Use our Site:
- Where do I start?
You can get started right away by signing up for a FREE 7-Day Trial subscription
that gives you all the features and benefits of pointfly.com's national database
of foreclosure properties. For your convenience, there is a "Free Trial" link located
at the top of each page of our Web site.
From our home page, you can use the "Zip Search" box, the "Select a State" pull-down menu,
or you can simply click on the U.S. map to find properties in your selected areas of the country.
For many of our properties, you can also view the tax roll information as well as a photograph.
If you cancel the free trial within seven days, you will not incur additional charge!
Your FREE 7-Day Trial is a no cost, no obligation opportunity.
In order to continue to have the benefits of our database beyond
the 7-day free trial period, you pay only $9.95 per week at less than a couple of gourmet lattes!
Once you begin your FREE 7-Day Trial subscription, you will be able
to begin searching anytime by clicking "Login" at the top of each page.
You can also cancel at any time you choose.
- What are the benefits to me when I subscribe to the pointfly.com database?
pointfly.com offers the largest national selection of foreclosure, preforeclosure,
government-owned, and bankruptcy properties available to private individuals.
Here you can locate bargains in real estate that you may purchase at discount prices.
Our data is updated daily, not monthly, directly from the tax rolls, government agencies,
and notices of the lenders legal actions.
View valuable real estate that you may buy, renovate, and then resell (or "flip")
for quick cash profits, or hold your properties in a portfolio of rental investments
for long term wealth build-up. Available to you 24/7, our online database includes
real estate from a wide variety of sources and represents the most current and
comprehensive inventory of "opportunity-laden" real estate available on the Web.
More than just property descriptions, we provide a "Foreclosure Knowledge Center"
that will enable you to keep informed and make wise investment decisions, or learn
the ropes if you are just getting started in the exciting activity of investing in foreclosed
properties. Try it FREE during our no obligation 7-day trial period and you will agree this
is the easiest method to find what you are searching for in the foreclosure real estate market.
- What kinds of properties are in your database?
Our database contains preforeclosures, foreclosure auction properties,
bankruptcies, REOs (real estate owned by lenders), and properties from HUD,
VA, Fannie Mae, and other government agencies. We also include properties
from over 100 corporate sellers. All of our information comes directly from
these sources on a daily basis, so you know that what you are seeing is fresh
and first-hand data. This combination of sources has been compiled and organized
to making searching as easy as possible. Only pointfly.com puts the largest
database of its kind on the Web at your fingertips.
- What information do you provide for each property?
pointfly.com provides subscribers like you with all the detailed information
available on each property. Descriptions include data from property tax rolls,
the lender's files, the listing details, and the local school districts.
Property information includes the type of property, the street address, property size,
number of bedrooms and baths, and usually a photograph. Tax roll information often
provides previous sale prices, assessed value, and the age of the improvements.
The seller's listing data includes the name and phone number of the contact person to
arrange for showings and to start negotiations. No other single source includes as much
valuable information as pointfly.com. That's why we are the largest, most reliable tool
for both investors and home buyers looking for a bargain in real estate!
- Is the trial really free for 7 days?
Yes! The FREE 7-Day Trial subscription costs you nothing when you sign up,
and it is also free from any future obligation. If you decide not to
continue the subscription, simply cancel during the free trial period
and you will incur no charges whatsoever. If you find the property you are
looking for during this FREE 7-Day Trial period, think what simply
giving it a try will have been worth to you!
If you choose to continue your subscription, it will automatically renew.
The cost is only $9.95 for each additional week, billed directly to your
credit card on a monthly basis. That's only $39.80 per
month (less than a tank of gas these days!) for a tool that may save
you thousands of dollars on valuable real estate. It will absolutely save
you hours of time searching for properties any other way! Your monthly renewals
will continue to be billed as long as you need the pointfly.com data.
You may always cancel your subscription at any time.
- Do I have to sign up for a long term commitment?
No. Unlike other foreclosure listing services, you do not have to sign
up for life, or even for a year. Save those kinds of commitments for
more important relationships! pointfly.com gives you the largest, freshest,
most user-friendly database on the Web at your fingertips 24/7 on a
weekly subscription basis that is billed monthly, as described above.
And we start you out with a FREE week!
- How do I cancel?
Canceling your pointfly.com account is easy, but there are certain things you
should consider before making that decision. We only offer you one opportunity to
take advantage of the 7-Day FREE Trial. We recommend that you search the site for as
long as possible, because we update our listings several times each day. That means
your ideal property could come online tomorrow!
Every day, you can find homes on our award-winning
Web site for 30 to 50 percent
below market value! You can also leverage helpful links, state-specific laws, and
educational articles that walk first time buyers step-by-step through the process
of how to buy a foreclosure.
Put simply, you can't find a better Web site than pointfly.com that will provide
you with the freshest listings in the nation and invaluable resources to help you make smart
If you're sure that you want to cancel your account simplyclick here.
Real Estate Owned (REOs)
- What is an REO?
An REO is "real estate owned" by the mortgagee, usually a property that was
not sold at the foreclosure auction to a bidder and was therefore acquired
or "taken back" by the lender. Since lenders are not in the business of
managing real estate, they are willing to sell REOs quickly to interested
homebuyers or investors. REOs are sometimes called "special" or "non-performing"
assets to distinguish them from properties that are owned and actually used by the
lenders, such as corporate facilities or branch offices.
- How do I find REOs?
Many people find REOs by following the properties through the stages of the
foreclosure process (i.e., preforeclosure to auction property to REO) or by contacting
the lenders REO or Special Assets departments. Some lenders establish relationships
with local Realtors® who manage and market the REOs for sale to the public.
You may be directed by the lenders to contact these real estate brokers or
agents to find out about available properties.
Of course, we know there is a better way to find REOs! As a subscriber to pointfly.com,
you benefit from the work of a nationally-connected company that "makes searching easier."
For less than the cost of a tank of gasoline for most cars these days, you can see all the
information you need 24/7 for a whole month. And it comes to you in the comfort of your own
computer station at your home or office, along with helpful instruction and tips.
You know the facts are up to date as part of the largest database of "opportunity-laden"
bargain properties in the country. Today, more than ever, working smarter is much
better than working harder.
- How do I buy REOs?
You can buy an REO by submitting a written contract directly to the lender
or through the lender's Realtor®. As in the case with preforeclosures,
find out all you can about the REO and determine whether it is a good deal
before you submit the offer.
- How much cash do I need?
Lenders will generally request an earnest money deposit to be submitted
with the offer. The deposit may be up to $5,000 or more, depending on
the lender and the value of the property. Once you have successfully
negotiated with the lender and have agreed to the terms and conditions
of the deal, you then need to obtain your funding in order to close
or "settle" the purchase of the property. Whether or not the lender
will carry financing is an important consideration. Other key terms to
negotiate include whether contingencies are allowed based upon professional
inspections, the amount of time you have to close, and so on.
- What should I be aware of?
Some lenders will be interested in offering you a loan to buy their REO; others will not.
Some will provide financing to investors; others will only provide financing
to owner-occupants. You must communicate with each REO owner to determine its
loan policies, along with its financing terms and conditions.