13 Best Ways How to Find Foreclosures to Get a List of Bank-Owned Properties in New Hampshire (Free & Paid Methods)
If you’re looking for top resources to score repossessed homes and properties in pre-foreclosure, you’ve come to the right place.
In this guide, I will talk about various ways you can find these specific real estate investment opportunities, both on- and offline.
Hi, my name is Bob Vieira. I’m at the helm of the country’s fastest-growing short sale processing company, Universal Short Sales. I’m here to share my knowledge with you.
Let’s get to it.
PropTech Platforms
Real Estate Bees
Real Estate Bees (REB) is an online platform designed for industry professionals looking to take their real estate business to the next level. It provides access to robust tech stack, statistical data, comprehensive informational resources, and much more.
This includes pre-foreclosure and REO leads for real estate agents, investors, and wholesalers. All the leads are strictly generated via inbound marketing channels unlike data scraping, aggregation, and other outbound methods used by most other platforms.
Delinquent property owners from all over the US utilize the REB platform to find reputable New Hampshire house buyer companies who’d be interested in acquiring their distressed property — so they are highly motivated.
As a user of the platform, you can get access to these distressed properties, submitted by other industry professionals, absolutely FREE! You simply need to sign up to DealAlert, which is an advanced, yet free, property matching engine developed by Real Estate Bees.
In addition, you can also access distressed properties, submitted directly by property owners, by purchasing motivated seller leads through our advanced pay per lead real estate marketplace.
Other Platforms
There are other property investment apps that can also help you locate distressed property leads.
These real estate investor lead sources can also integrate seamlessly with your CRM for investors pipeline, which makes them easier to use when on the search for deals.
When on the lookout for the best real estate wholesaling software, the following tools provide leads on repossessed homes and pre-foreclosure properties, among other motivated seller types:
When it comes to pre-foreclosure properties, here are top software systems you can check out:
Foreclosure.com
When finding foreclosures online, I suggest that you start your search with Foreclosure.com. It’s one of the most popular REO search engines today.
What will strike you the most when using this platform is its user-friendly interface. Even the not-so tech savvy won’t have a problem navigating this site.
Another plus for me is its interactive real estate map feature which helps users easily find foreclosed properties.
By using this feature, you can search foreclosures by address. Every state is clickable, so you can select the area where you want to search and then get all the foreclosure data you need.
Access to Foreclosure.com requires a monthly membership. You may try out its most popular package which costs roughly $40/month, and then adjust your subscription as your business scales.
Next up is another top-tier online marketplace where you can find cheap foreclosed homes for sale. Read on.
Auction.com
If you are into auctions, make sure to include Auction.com among your top resources. It’s a massive website with different types of assets available.
From repossessed properties to short sale deals, this platform offers the largest inventory of real estate assets. No wonder it’s one the best places to find foreclosures.
Apart from its wide range of real estate offerings, you will love Auction.com because it doesn’t require a monthly membership. You only pay if you win a bid on a property.
When that happens, you pay an additional buyer’s premium, which is how the site makes money.
Be careful, though, when making online bids. Auctions won’t allow you to tick all the boxes on your due diligence checklist for real estate investors.
Another online resource that is touted as one of the best websites to find foreclosures is coming your way. Let’s find out what it is.
Zillow
Zillow is known as the main place for families to start shopping for a home.
However, Zillow also works for investors to find houses to wholesale. That said, you can absolutely leverage this nationally famous platform for getting a foreclosed home list.
Here is how to find foreclosures in New Hampshire on Zillow: first, view New Hampshire properties for sale.
From there, filter out foreclosures, pre-foreclosures, or even foreclosure auctions to get a detailed list of potential investment opportunities.
We have more resources to uncover. Let’s see how to look up foreclosures on your local MLS.
New Hampshire Multiple Listing Services (MLS)
Did you know that you can also find foreclosures on the MLS? However, you have to be a real estate license holder to get access.
If you don’t have one, you can ask for help from a licensed agent who can get REO listings for you for a fee.
When checking out multiple listing services in New Hampshire, you will notice that they all have slightly different interfaces. No matter how unique each MLS is, all of them will allow you to search for local foreclosure and pre-foreclosure listings.
Start by locating the “My Search” tab. From there, you can narrow down the results based on property types. You can then choose “foreclosures”, “pre-foreclosures”, or “short sales” from the dropdown menu.
To refine your results further, you can specify other property features such as the number of bedrooms or bathrooms.
For example, if you want to find New Hampshire single family homes with four or more bedrooms, you can filter your search further until you get your ideal results.
New Hampshire Real Estate Wholesalers
If there’s one vendor that New Hampshire property investors should establish good connections with to look for foreclosed homes, it’s a real estate wholesaler.
A New Hampshire real estate wholesaler is an expert in finding motivated sellers.
Finding wholesale real estate deals instead of cold leads is beneficial because you won’t have to do the searching and negotiating yourself.
A wholesaler gets a property under contract and transfers the right to buy the house over to you for a fee.
This allows you to buy the home without having to generate leads, qualify them, and negotiate with multiple owners until you find someone willing to sell you their home at an under market price.
You just get a list of foreclosures in your area, choose one you like, and close on it without all the headache.
Wholesalers know how to generate motivated seller leads and do so regularly to ensure they have available properties when investors come looking to find house flipping deals.
Here is how wholesales work. For example, if I’m a wholesaler with a property under contract for $100,000, my next step is to find an investor willing to buy it. Once I do, I’d assign the contract over to the investor for $120,000.
This means the investor would pay the distressed home seller $100,000 for the property, and I’d receive $20,000 as my assignment fee.
You may want to try wholesaling properties yourself. Why throw away leads you can’t use if you can get an assignment fee from someone who can?
Check out the guide on how to wholesale real estate contracts and learn the rules of wholesaling houses in New Hampshire.
With so many benefits, it’s essential to add a wholesaler or wholesaling company to your vendor list when building out your network and house flipping career.
Real estate wholesalers regularly focus on valuable acquisition, getting incredible deals on properties to sell them to investors.
Wholesalers regularly access off-market opportunities and negotiate hard for favorable terms. If you are willing to work with distressed properties, there are incredible opportunities available from most wholesalers.
New Hampshire Real Estate Agents
A New Hampshire realtor specializing in real estate-owned (REO) properties can also help you get a foreclosed homes list.
REO properties are real estate assets that have been foreclosed on. The bank now owns them and, in order to get them sold quickly, has a REO agent do it.
If you’re into REO property search, it’s a good idea to connect with REO realtors working with investors in New Hampshire.
These listing agents have multiple foreclosure listings for investors needing to find REO properties.
New Hampshire Foreclosure Attorneys
A foreclosure lawyer in New Hampshire can also be helpful.
They work with lending companies in New Hampshire who hire the lawyers to avoid getting sued by homeowners during the foreclosure process.
Although their role relates to foreclosure legalities, they can also be a valuable resource for investors.
Foreclosure attorneys can share leads related to a case they’re currently working on to help a lender avoid a foreclosure, or they can pass information along in exchange for a referral fee.
Either way, it’s another option to find repossessed houses for sale and a big reason to build good relationships with New Hampshire short sale lawyers and foreclosure attorneys.
New Hampshire Short Sale Processors
For investors focused on pre-foreclosure deals, short sale processing companies in New Hampshire are a good resource to have.
They navigate all short sale steps within the buying process — literally covering everything from A to Z.
This is a huge time saver, since purchasing a short sale can be a long process that takes many months to complete.
Having a go-to short sale processor not only saves you a huge amount of time, but it’s also a way to get distressed property leads.
Often, a short sale processor is the first specialist a homeowner reaches out to because of what short sale negotiators do for the seller. This means that at this point, they don’t have a buyer or an agent yet.
If you’ve already established a strong relationship with a short sale processor, they could quickly contact you, offering to buy the property.
New Hampshire Real Estate Lenders
Here is how to get foreclosure listings from banks: just reach out and call. That’s right, a simple phone call is all it may take to get a repossessed properties list from the lender directly.
More often than not, they’ll be motivated enough to sell and share their repo homes list with you.
When you call, make sure to tell them you’re trying to find distressed properties to buy for cash. Then, ask for their list.
Start with the smaller, localized banks in your community, since it’s more likely to be easier to get to speak with a REO assets manager.
You can contact larger banks too, but in large companies, there is more bureaucracy, so doing business with them may be slower.
New Hampshire Courthouses
You may think it’s old school, but the local county courthouse is still an effective way to find foreclosed houses.
It’s actually a great place to get low-competition deals and find foreclosures in your area for free. You’ll need to either go online or visit the courthouse in person to get wholesale real estate leads.
If going in person, make sure to find the public records office. That’s the go-to place to get a foreclosed homes list for free.
From there, you’ll want to compile a list of lis pendens. These are properties where a New Hampshire loan servicer has already placed a lien on the property due to delayed mortgage payments.
You can also look up properties with tax liens nearing a sheriff auction sale for even more potential deals. The courthouse is the primary source for those listings as well.
After you get a list of foreclosures from the courthouse that has enough leads on it, you’ll want to take some time to double-check seller contact information. This is called real estate skip tracing.
To quickly find motivated sellers’ phone numbers, emails, and even social media profiles, check out this list of the best skip tracing services for real estate investors.
Accessing public records is an excellent strategy, but requires a good deal of research effort.
Some places to check are a County Recorder’s Office, county-level online records, or the Department of Housing and Urban Development’s HUD Homes for a discounted purchase.
If you’re available for some legwork, try a local courthouse or clerk’s office for in-person real estate auctions.
Bank Websites
Bank websites provide another way to find out about foreclosures. They’re a great source to find bank foreclosures in New Hampshire without having to put in a lot of effort.
Starting with the bigger banks, like Wells Fargo or Bank of America, you should find a feature that enables you to do a free search of bank-owned repossessed homes for sale.
Most banks of this size have extensive websites that are well-organized. You can find bank-owned properties for free either with a filtered search or by going through a state-specific list.
Now, let’s look at the last source for finding foreclosed homes on this list.
HUD Foreclosures
You can also use HUD’s website (hudhomestore.gov) for finding foreclosed homes for sale for free.
In fact, a lot of listings can be found here since a majority of foreclosures you see online will have a government-backed mortgage from HUD.
If you’re planning to become a home flipper, this is a great way to get listings without having to spend a lot on marketing.
You can search HUD foreclosures right from the site’s homepage within the specific area you want to target. It’s a great way to find motivated sellers for free!
Select the county, zip code, city, or state to begin your foreclosed home search. You can then further filter that list to find HUD foreclosed homes with a specific number of beds, baths, price, or other criteria.
Get Expert Training to Find Upcoming Foreclosures Like a Pro
My name is Bob Vieira. As the founder and owner of Universal Short Sales, the country’s fastest-growing short sale processing company, I’ve shared a lot of useful information today.
However, there’s more to know! I took what I had learned about short sales and pre-foreclosures and packaged it all up into an information-rich course called the Pre-Foreclosure Fast Lane.
This course will walk you through topics like:
- Short Sale and Pre-Foreclosure Fundamentals
- Lead Generation
- How to Monetize Pre-Foreclosures and Short Sales
In addition, you will learn about the 12-step system we use at our company for completing short sales.
This course is absolutely free and my gift to you. Good luck!
What Is the Primary Pitfall to Watch Out for When Investing in Foreclosures in New Hampshire?
Be certain to do your research thoroughly. Due diligence is massively important.
Do not underestimate renovation costs on distressed or foreclosed properties, as costs can surprise you as new problems are discovered mid-renovation.
Legal and title issues may also complicate an acquisition, leading to additional delays while the courts work through the hassle.
In addition, financing for distressed properties often has additional requirements for down payment or collateral due to the additional risk involved to lenders. Speak to a trusted professional.
Bob Vieira is the Founder and Managing Partner of Universal Short Sales, LLC. While serving clients as a licensed Realtor, he realized there was a need for a knowledgeable company, specializing in the short sale sector. Bob is an industry expert with a passion for guiding homeowners through the short sale process.
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