Frequently Asked Questions

Question Categories
General Questions
Real Estate Owned (REOs)


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'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 database?
  • 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 puts the largest database of its kind on the Web at your fingertips.

  • What information do you provide for each property?
  • 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 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 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! 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 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 that will provide you with the freshest listings in the nation and invaluable resources to help you make smart investment decisions.

    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, 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.