A listing of the names of banks that sell foreclosed homes would be very long. There are many places you can find these seized properties. It's really like anything else, there are some major players in the seized property market, which generally make up the majority of the houses for sale. If you're looking for a new investment property, or just looking to purchase a house of your own, you may be able to save money if you know the names of banks that sell foreclosed homes, so you can get free listings of seized properties for sale.
These are the names of banks that sell foreclosed homes that would be considered major players in the seized house market. The companies are listed in random order.
1. Fannie Mae: They have a great website where you can search for a new foreclosure house online. Check them out, you'll find a great selection. The names of banks that sell foreclosed homes must include this lender.
2. HUD: The United States Department of Housing is one of the major players in the market. You should know that first dibs are given to those that plan to live in the house themselves. You can browse HUD seized properties free.
3. Countrywide: It's one of the names of banks that sell foreclosed homes. You will find a great selection, along with a nicely set up website to help make your search even easier.
4. Chase Mortgage: You'll find a nice online website to make your search easier. The names of banks that sell foreclosed homes will include this one. The online site is easy to navigate.
5. Wells Fargo: No list of the names of banks that sell foreclosed homes would be complete without this major player. As with the others, there is a great website available for your use.
6. Citibank: The long list of names of banks that sell foreclosed homes continues on. Citibank is one of the major players in the seized house market. You should check them out if you are in the market.
7. HSBC: This company is really a major player in the market. It's amazing how many of the lenders on the list are credit card companies, or at least have them as extensions. As with many of the others on the list, they have a great link on their website that's easy to use.
The lenders that sell them in your area may be a little different than the national lenders. There are some ways to find out who has these types of foreclosure properties for sale, so you can save big money while compiling your own list.
1. Call local lenders: This is an easy to go. A simple phone call and you'll find out what the lender has on the market.
2. Check the local papers: You'll be able to compile your own list of banks that sell foreclosed homes in your area this way. You'll see new ads each week.
3. You can even consider looking at short sale listings. This could allow you to find homes at similar prices as you would find foreclosed houses. If you cannot find local names of banks that sell foreclosed homes, short sales are a good option.