Upon playing with the site search for local properties for sale, I was disappointed that the site had few listings, especially with the number of REOs and foreclosures homes for sale present in the marketplace.  The site does a good job with displaying images, along with details of the purchase and school finder map for families.  Although, I think a link to greatschools.net would be a great addition to the site to beef up the school finder section.  Including a listing of most popular properties viewed, or the areas with the most properties (i.e. California REO properties section).

I tried to find some information on how payments and financing are taken care of…but didn’t easily find it.  I think it would be good idea to add a “How to Bid” section or highly visible “FAQ” section, along with a mention on fees involved, if any.

But…there are foreclosures continuing to be processed and eager investors waiting to pick them up at slashed prices.  If you’re new to the foreclosure buying process, it’s important to lookup a foreclosure guide (as shown on www.foreclosureplatform.com – but don’t stop there, do as much research as you can…especially if you are new to foreclosure auctions).  You  want to get a good idea on how to prepare for a fast paced foreclosure auction.  One of the most important ways to get prepared is to get an idea of the property value of the home(s) you plan to bid on (read more).  You will want to research the neighborhood, schools, the condition of the property.  Although, most of the time, seeing the property condition may not be possible, so you will need to be prepare financing a cleanup or upgrading the property.

Your Buyer…

Your Lender…

Your Appraiser…

Your Tax Assessor

real estate appraisals, home evaluation, tax assessor, appraised value, selling your home