Bottom fishing for real estate. Try these REO search sites:

[Greg Pack]

Although I don't think we're near a bottom yet in Real estate prices in many bubble areas, I thought these links might be useful.

I have a cousin that represents one of these banks and he said they are discounting big on some parcels to clear their inventory.


Bank of America
http://bankofamerica.reo.com/search/
Chase
http://mortgage.chase.com/pages/other/co_properties_landing.jsp
Countrywide
http://www.countrywide.com/purchase/f_reo.asp
Downey Savings
http://www.downeysavings.com/ffs/sale
HSBC
www.us.hsbc.com/1/2/3/personal/home-loans/properties
Homeq Servicing
www.homeq.com/reo/reoProperties.do
Indymac Bank
http://apps.indymacbank.com/individuals/realestate/
Ocwen Financial
www.ocwen.com/reo
Wells Fargo
http://www.pasreo.com/reo/consumerSvlt/nav/ConsumerNavL1.jsp/requestPage/consumer/PropertySearch.jsp

 

[cebo]

If this is the bottom in our area we have a long way to go. Every listing in central AL I looked at was listed close to what they had sold for in the past 24 months. One that I have appraisaed in the past and my partner did the forclosure appraisal on is listed for 128,000. It sold a couple of years ago for 132,000. I now needs major work pool liner all short lived items etc. It seems the lenders aren't in any hurry to start making big discounts around here.