The Big Picture on

    • provides a large database of foreclosed properties across the US to help buyers find discounted homes.
    • helps investors quickly find potential property deals, but remember there are risks in buying foreclosures.
    • The downsides of are that it has no tenant info access, has potential missed listings, and is not free like some other sites. review

Are you interested in buying homes in foreclosure? 

According to real estate data provider ATTOM, there were over 33,270 homes in the U.S. with foreclosure filings this January 2024.  

This is where could come in handy. is an online platform that has made it easier than ever to search, identify, and purchase foreclosed properties. With an expansive and up-to-date database of foreclosure listings, allows investors and homebuyers to find affordable properties.

Strap in for our formal review, from how it works to its advantages and disadvantages. Review at a Glance

Let’s kick things off with a quick glance at our review:

    • Property Types Available: Bank-owned homes, government foreclosures, pre-foreclosure listings, real estate-owned properties (REO), and foreclosure auctions.
    • Minimum Investment Required: The earnest money deposit with a submitted offer, plus any down payment and closing costs. According to, you could pay up to $5,000 or more, depending on the property’s price.
    • Fees: $39.80/month after a free seven-day trial period.
    • My Take: has everything you need to browse and buy foreclosed and distressed homes.

What Is is a real estate website that provides an extensive database of distressed properties to search for, with detailed listings on over 1.8 million foreclosures, pre-foreclosures, bankruptcy listings, auction properties, bank-owned homes across the country, and short-sale properties.

As you browse, you’ll notice it’s not just about aesthetics – the focus is on comprehensive real estate information to empower you in your research. While you do need to create a free account to unlock full property details, registration takes seconds. gives investors and homebuyers an advantage, with more property search filters, neighborhood data, and transparency on deal conditions than what limited MLS property listings offer. 

Common Types of Listings Found In

A March 2023 survey found that fifteen percent of distressed property buyers were owner-occupants, while 85% were likely investors. Which one are you?

Either way, some of the most common listings investors or occupants can find on are below:

Listing Type Description
Pre-Foreclosures Properties that are behind on mortgage payments and are at risk of going into foreclosure in the future. Owners are given a chance to sell and pay off their loan before the bank forecloses.
Sheriff Sale Listings Homes that proceed to a public foreclosure auction led by the local sheriff’s office or sheriff’s sales officer. Investors can bid on the properties.
Short Sale Listings Homes being sold for below the amount owed on the mortgage with permission from the lender. This allows owners to avoid foreclosure and lenders to recoup some money owed. This is usually when the owner can no longer afford mortgage payments.
Bankruptcy Listings Homes being sold to pay off debts as part of federal bankruptcy proceedings. Can provide opportunities for discounts.
City-Owned Listings Tax-delinquent or vacant properties being auctioned off by municipal governments. Often sold as-is.
As-Is, Fixer-Upper, and Rent-to-Own Listings Distressed properties sold below market value that may require repairs before being livable. Some can be gradually paid off over time through lease agreements.

Best Features of

As you review, scope out these features designed to simplify buying a foreclosed home.

Search Home Foreclosures focuses on “distressed deals” at every stage of the foreclosure process, including:

    • Preforeclosure listings
    • Foreclosure auctions
    • Bank-owned homes (real estate-owned or REO properties)
    • Government foreclosures

You can search home foreclosures in all 50 states. Filter your search by county or city, or even enter an exact address if you already have a home in mind.

By way of example, here’s a teaser showing current foreclosures in Houston, TX

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Detailed Listings

While you must sign in to view every piece of info, the listings on are robust. I’ll use an example from my hometown, Portland, Maine, to give you a sense of what a listing looks like.

You’ll start with photos (which you can only access after you’ve created an account), and next, you’ll see the foreclosure timeline:

This particular listing has passed the pre-foreclosure phase and is nearing auction. Beyond this, you’ll get to the nitty-gritty: the property information.

foreclosure property information

Again, you’ll notice that you must sign in to view this information. However, once logged in, provides all the information you need to get a feel for the home and the surrounding area. That includes legal records about the foreclosed home’s history:

As you scroll down through the listing, you’ll see a section that explains the rental potential of the home:

While this is an estimate, it’s pulled from local data and past rental history associated with the property or other similar properties in the area, which is critical in real estate investing. 

In general, as long as you have an account, you can see a wealth of details on all properties, and you’ll be provided with the next steps, including information about the public auction, seller, and so forth.

Cheap Home Options

Foreclosed homes usually sell lower than non-foreclosed homes. In fact, foreclosed homes sell for 36.4% less than non-distressed properties. This means buyers can often get steep discounts when purchasing foreclosures.
Even so, has an option specifically catering to those looking for really cheap offers, like homes under $60,000. You’ll search just like you would through the homepage, but the search focuses on cheaper homes in your area.

search home foreclosures

Lower-end investors sometimes have difficulty finding real estate professionals and other support personnel that cater to their niche, making it a useful feature for these investors.

Rent-to-Own Options offers a rent-to-own search feature for aspiring homeowners on a budget that spans nationwide listings, when you select a state and county, a page displays available properties with details like bedrooms and bathrooms.

Sign in to your free account to unlock contact information and initiate the next steps. Helpful tidbits on the process provide context on how these arrangements work.

You’ll notice they also mix in commercial rent-to-own opportunities alongside residential options. While niche, this tool allows you to filter for specific property types that meet your current financial reality and future homeowner dreams. 


Gaining access to isn’t free. They offer a free seven-day trial that provides all of the features of a paid account. To continue to use, you’ll pay $39.80 per month. While this may not be worth it for beginner investors just looking to browse, for investors who regularly purchase properties, this is a small price to pay, especially compared to competitors.

Foreclosure Knowledge Center

Investors can take advantage of’s articles that generally explain the details of the foreclosure process. This is perfect for beginners interested in potentially purchasing a foreclosed home but don’t know much about lenders or aren’t quite ready to do so yet.

Foreclosure Email Alerts

You can also sign up for free foreclosure email alerts. These alerts are sent directly to your email and consist of a list of foreclosed homes for whichever zip code you desire. Additionally, offers a list of foreclosure laws and timelines for all 50 states.

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Advantages of Subscription talks a big game, claiming the title of the largest marketplace of foreclosed homes. And they mostly live up to their boasts. Advantages to include:

    • Comprehensive Database: One of the top features that scores well in our review is it provides an extensive and up-to-date database of foreclosed properties, including mortgage records, price range, type of properties, and more, making it easy to find the bargain house of your dreams. 
    • Easy to Use: The site’s intuitive design ensures that searching for foreclosure is simple, quick, and user-friendly. This also makes it easier for landlords to sell the property. 
    • Low Cost: offers a low-cost subscription model with access to the latest foreclosure listings and invaluable resources such as foreclosure statutes and related news. 
    • Reliable Resources: provides users with reliable resources and support to help them through foreclosure.

Downsides of

No review is complete without talking about cons. While the platform can be vital for real estate investors looking for low-cost homes, it’s not perfect. A few downsides to include:

    • Lack of Access to Detailed Tenant Information: does not provide access to detailed tenant information. Granted, lease agreements between property owners and renters are not on public record. 
    • Potential for Missed Properties: assimilates data from many sources, but that doesn’t mean they catch every distressed property in a given market. 
    • It Costs Money: Free services allow you to look through foreclosed listings for free, and isn’t one of them, at least not in the long term. Still, offers more bang for your buck. It provides extensive foreclosure sale information and updates the entire database twice daily.

How Compares

Wondering how compares to other foreclosure website competitors?


Zillow Foreclosure Center

Min. Investment

Earnest money: varies based on property cost

Varies by property cost

Varies by property cost

None, you cannot purchase foreclosed homes through Zillow, only browse.




Free to sign up


Property Types

Bank-owned homes, government foreclosures, pre-foreclosure listings, foreclosure auctions, and more.

Foreclosures, pre-foreclosures, bank-owned homes, auctions

Short-sales, foreclosures, regular properties on the open market

Pre-foreclosures, foreclosure auctions, and bank-owned properties

Year Founded






Is Legit?

Yes, is a legitimate platform for investing in discounted real estate, though access to full listings requires a paid membership after the 7-day free trial.

For both first-time investors and seasoned experts, they provide comprehensive, real-time data to identify promising investment properties. You can filter large inventory spanning pre-foreclosure, repossess, auction and auction dates, and bank-owned homes to pinpoint options matching your buying criteria.

While risks exist when purchasing distressed assets sight unseen, their robust tools can promote informed decisions, like estimating repairs or reading market trends. Investors or real estate agents can gain an edge by seeing deals earlier than on MLS and leveraging educational resources to evaluate real estate deals.

Still, conduct due diligence like touring homes and consulting professionals to maximize investment returns.

Do Banks Hate Foreclosure?

Yes. Banks lose money when foreclosing. They usually sell foreclosed homes at a loss compared to the original mortgage loan amount.

What Is The Best Alternative To Foreclosure?

Forbearance agreements. They temporarily pause mortgage payments, buying you time to get your finances in order. If you meet the terms, the lender cannot foreclose.

What Exactly Is a Short Sale?

A short sale is when a lender accepts less than what is owed on a mortgage to let a financially struggling homeowner sell their property. The lender writes off the remaining loan balance.

Who Has The Most Foreclosures?

Among large metro areas, those with the highest foreclosure rates in January 2024 were Spartanburg, SC, Columbia, SC and Cleveland, OH. Review: Is It Worth It?

So that’s it for our review! If you’re looking for a simple, get-to-the-point site to help you find distressed sellers in your area, you’ve found it with While the monthly fee adds up over a year, those planning to purchase multiple investment or rental properties in the year may find the price well worth it, thanks to the robust database of homes.

Overall, is an excellent resource for those seeking to purchase a foreclosed property. Every time I had a question about a process or a listing, I was able to find the answer in minutes on the site. The wealth of educational material and helpful customer support to assist users throughout the process. While the platform’s look feels a little outdated, everything you actually need to know still exists within the listings.♦

Have you ever bought a home in foreclosure? Did you use What kind of experience did you have?

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