Foreclosure.com Review (2022 Edition)

If you're looking for the best real estate deals, you may want to spend some time on Foreclosure.com. Here's a comprehensive software review to provide you with more information. 

• What Is Foreclosure.com?
• Foreclosure.com Software Features and Benefits
• How Does It Stack Up Against Competitors?
• Foreclosure.com Software Frequently Asked Questions (FAQ)
• Is Foreclosure.com Worth It?

What Is Foreclosure.com?

Foreclosure.com curates listings of distressed properties in the U.S. You can find information about different property types on the website, including bankruptcy listings, foreclosed properties, rental homes, homes for sale, and the like.

On the website, you can find detailed descriptions of available foreclosure properties, owner information, photos, and other details to help you make the best buying decision.

If you’re wondering whether Foreclosure.com is worth your while, in this review we will discuss the features of this platform and how it compares to other real estate software solutions. 

If you want to try it for yourself, use our link for your FREE 7-Day Trial of Foreclosure.com!

Check out this video for a quick introduction to Foreclosure.com:

Foreclosure.com Software Features and Benefits

Foreclosure.com has a whole array of features that allow users to discover and benefit from exciting real estate opportunities and property listings without any hassle. Let's get familiar with some of these features.

Mass Coverage

If you're looking to discover viable real estate opportunities in suburbs or rural areas, Foreclosure.com has comprehensive coverage and lists many properties in smaller towns. This means you can easily find a smaller home and get a better deal on your mortgage.

In total, the site has nearly two million listings, so you will likely find a property in the area you’re looking for.

Detailed Listings

More than listing available properties, Foreclosure.com provides detailed information about each real estate opportunity on their listings. For example, when you view a property, you should expect to see:

• The asking price of the house
• The style and design of the house, such as single-family or townhome
• The number of bedrooms and bathrooms
• The total square footage of the home
• A complete address
• Where the listing is in the foreclosure timeline. Whether it’s in foreclosure, pre-foreclosure, auction, or bank-owned
• The size of the lot
• When the home was built and if it has a garage or basement
• History on the market

Another notable feature of this website is the mortgage rate calculator, which you’ll find at the bottom of the page for every listing. With this tool, you can find an estimate of how much you'd pay as the mortgage rate for the property.

Search Abilities

Foreclosure.com's search abilities are unmatched, and this gives the platform an edge over some of its competitors.

Foreclosure.com has specific filters to help you to find the property that fits your needs. Instead of just searching for real estate deals based on your zip code or city name, you can filter your search by price range, land size, and the number of bedrooms.

For example, if you're looking to rent a house in Manhattan, you can filter your search to specific areas in Manhattan, then filter your search further by the type of rental property you're looking to find.

Property Information

Unlike many other real estate investing software, Foreclosure.com provides access to detailed information on every property. Whether you require the payment history of a property, mortgage information, or owner details, you'll find it on the website.

It also curates information for auction properties and city listings.

Foreclosure Listings

Foreclosure.com curates a growing list of foreclosed homes for real estate investing. These properties are typically priced below market value so that you can make large savings on them.

You can filter for foreclosure listings in the search results on the website. 

Sheriff Sale Listings

If you're looking to go to an auction, the sheriff sale listings on Foreclosure.com are a great way to discover available properties.

After doing a broad property search by zip code, date, or city, you can further filter your search to discover sheriff's sale listings.

A sheriff sale listing is a property that would have a set auction date within the next three weeks. On the information page of the listed property, you'd find the auction information and other vital details.

Preforeclosures

A preforeclosure is a property where the owner has defaulted on loan payments. It means that the owner of the property has begun the foreclosure process on the property.

With Foreclosure.com, you'd find specific information about whether the property is still in the pre-foreclosure stage. These details would help you make a calculated real estate decision, so you don't waste money on the wrong assets.

Check out this video walkthrough on how to find preforeclosure homes on Foreclosure.com:

Short Sale Listings

When you filter search results on Foreclosure.com by listing labels, you will find an option for short-sale properties. A short sale is a subset of pre-foreclosure on which the bank has agreed to sell for less than what is owed on the property if the parties meet their terms.

Every short sale listing on Foreclosure.com has a variety of information, as well as terms and conditions for the sale. You'd also find the contact details of the real estate agent handling the deal.

Bankruptcy Listings

Foreclosure.com also allows you to filter results by bankruptcy listing. You'll find this option in the listing type drop-down. A bankruptcy listing on Foreclosure.com simply means that someone provided that address when they filed for bankruptcy.

Before pursuing a real estate transaction on a bankruptcy listing, you have to do your due diligence on the bankruptcy records and wait for any pending court cases to be completed.

City-Owned Listings

You will find the "city-owned" option at the top of the Foreclosure.com website. You can also filter your search results for city-owned listings using the drop-down listing menu in search results.

City-owned listings are properties owned by municipalities or counties and are deemed no longer needed for public use.

Foreclosure.com pulls out the contact information of the authorities in charge of the listings so you can reach out to them directly and broker a deal.

As-Is, Fixer-Upper, and Rent-to-Own Listings

These are other types of properties that you can find on Foreclosure.com. You can filter your results in the search box to include these criteria. All the information about the properties is listed on their individual pages, so you have enough details to make a good decision.

Email Alerts

Foreclosure.com allows you to set up free email alerts for real estate opportunities in a particular zip code. To do this, navigate to the "alerts" page on the website.

Next, fill in the short form by providing the zip code, full name, and email address. Once you've done that, click on "send free foreclosure alerts" to complete your registration.

Data Accuracy

Foreclosure.com is the right resource for anyone seeking valid information about a foreclosure, property owner, or some other type of real estate. You can filter foreclosure homes by state, plus other hyper-local criteria to find the most precise offer.

Listing Labels

To make it easy for you to discover real estate opportunities that suit your needs, Foreclosure.com has several listing labels for filtering search results. Specifically, you can narrow your search results to Foreclosures, HUD, $100 down, Shadow Inventory, Preforeclosures, Bankruptcies, Rent to own, Tax liens, Short sales, As-is-deals, City-owned, and Fixer-uppers.

These filters allow you to narrow your search results to the best properties that suit your needs.

Mapping

When you search for real estate deals on Foreclosure.com, you can view the results list-view or map-view. Mapping gives you a more visual experience, as you can see the distribution of properties across different geographical locations.

How Does It Stack Up Against Competitors?

With many real estate solutions on the market, it might be challenging to make an informed decision that meets your needs. To help you, let's see how Foreclosure.com compares to some competitors.

Foreclosure.com vs RealtyTrac

RealtyTrac provides an updated database of foreclosures, bank-owned properties, MLS listings, auctions, and short sales. Like Foreclosure.com, this platform offers a seven-day free trial and costs $49.95 per month.

On RealtyTrac, you'll find detailed information about properties on several listings, including information about security, environmental risks, and purchase and property taxes history. While this is great, you'd find more comprehensive coverage of properties, such as short sale listings, on Foreclosure.com.

Foreclosure.com vs Auction.com

Auction.com covers a wide service area, which means you have access to many options for your real estate investments. However, some users say the properties listed on the site are overpriced, and some dislike Auction.com's bidding feature. Users can get started with a free account.

Foreclosure.com vs Currentforeclosures.com

Currentforeclosures.com helps you to discover discounted real estate options, typically 10% or less. Compared to Foreclosure.com, it has fewer listings, and some users have reservations about the quality and information on the site. The subscription costs about $97.

Foreclosure.com vs Hubzu

Founded in 2019, Hubzu serves as an end-to-end marketplace for real estate opportunities. This app helps real estate professionals handle every aspect of the transaction, from an onsite property survey to the deal's closure with the required paper documents.

Buyers on Hubzu pay a $299 technology fee and a “buyer's premium”, ranging from $625 to 5% of the home's value.

Interested investors and salespersons can discover properties on the app and manage bids for those properties easily. In addition, they assist the user. A motivated seller or their agent can even list the property on Hubzu.com for an auction marketplace.

While this is great, the app has a few shortcomings. For example, the auction and bidding process on the application is quite complex, leading to a poor customer experience for users. 

Foreclosure.com Software Frequently Asked Questions (FAQs)

After reading this Foreclosure.com review and you’re still wondering whether it’s the right option for you, let's look at some of the most common questions other real estate professionals ask about this popular software.

How Much Does Foreclosure.com Cost?

Like many other real estate solutions, Foreclosure.com offers a seven-day free trial. After the free trial, you should expect to pay a weekly fee of $9.95, which adds up to $39.80 per month.

Use our link for your FREE seven-day trial of Foreclosure.com!

How Often Is Foreclosure.com Updated? 

Foreclosure.com updates its database of foreclosure listings twice a day. They have a vast network of corporate sellers and government agencies that provide verified information about viable real estate opportunities and foreclosure filings.

You can rest assured that you'd get access to the best real estate deals on offer in your preferred locations.

How Do You Use Foreclosure.com?

On Foreclosure.com, you can discover up to two million listings for distressed properties, including bankruptcy listings. If you're looking to snag a decent property that won’t put a dent in your budget, then it's a great option to consider.

Using Foreclosure.com is simple. On the homepage, you can fill in the zip code of your preferred location into the "zip search" box to discover properties in that location. Next, select a state from the pull-down menu to further narrow your search.

Alternatively, you can click on the U.S. map to find hot foreclosure 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.

How Do I Cancel My Foreclosure.com Account?

If you decide to cancel your Foreclosure.com account for any reason, all you need to do is log into your account, go to your account information and follow the relevant prompt to cancel your subscription.

If you cancel your account within the free trial period, you won't pay a fee. However, something to note here is you only get one chance at the free trial. If you decide to reactivate your account in the future, you won’t get another free seven-day trial.

Is Foreclosure.com Worth It?

Foreclosure.com is a useful tool for new home buyers, real estate investors, lenders, realtors, and other real estate professionals. If you’re looking to discover affordable real estate opportunities and investments, then Foreclosure.com is a great place to start.

Foreclosure.com keeps the most up-to-date listings of all property types in several locations, so you're sure to find a fit. It also provides updated information on these property types including the owner’s contact information, auction details, and more.

We definitely think Foreclosure.com is a worthwhile addition to your software arsenal to dig up real estate foreclosures. Though, we are firm believers that the only software you truly need access to is the multiple listing service (MLS).

Check out our brand new training on how to leverage the MLS to land your next wholesale, fix and flip, or buy and hold investment properties!