Foreclosure.com Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of Foreclosure.com real estate investment software became possible and available for free to those considering this solution!
In this review we evaluated Foreclosure.com’s features, plans, pricing and other important aspects to help our readers make a more educated purchase decision.
All the customer reviews and ratings on this page have been submitted by our platform’s members who either currently use or used to use the reviewed product/service in the past. We never receive any compensation for the inclusion of products and/or services in our product/service reviews. However, by visiting retailer/manufacturer of the reviewed product/service by clicking links within our content may earn us commissions from your purchases. Read our editorial guidelines to learn more about our review and rating process.
What Is Foreclosure.com?
Foreclosure.com is a cloud-based real estate software solution that provides investors, agents, and private lenders with listings of distressed properties across the U.S.
The platform gathers data from numerous sources, including courthouse records, banks, government agencies, and mortgage lenders, to create a central database for the most up-to-date distressed property deals.
Besides the browser/desktop version, Foreclosure.com also has a dedicated mobile app that’s freely available on iOS and Google Play app stores.
What Is Foreclosure.com Used For?
At its core, Foreclosure.com is simply a database for the most current listings of foreclosures in the U.S., allowing you to find houses to wholesale or find homes to flip.
However, the real estate solution has more to offer.
- Nationwide coverage — Finding foreclosed houses in a specific area is easy. Whether you’re looking for cheap deals in the suburb or rural areas, you can find them in the Foreclosure.com database. The platform has listings across all states, which are always updated to ensure all listings are usable.
- Detailed listings — Every listing on Foreclosure.com has in-depth information about the specified deal. Users can view the type of home it is, the asking price, and the total area of the home in square feet, among other key details.
- Listing labels — Foreclosure.com has several labels that are clearly highlighted on a selected listing to help you find the precise type of deal you want. Some of the labels include foreclosures, preforeclosures, HUD, bankruptcies, rent to own, and others.
- Advanced search and filtering options — Foreclosure.com has plenty of filtering options to help users narrow down their search to a specific area, property type (single-family, multi-family, townhouse, etc.), deal listing (rent to own, sheriff sale, bank-owned, etc.), property price, and land size, among other options.
- Access to property history — By using Foreclosure.com, users can find out the mortgage details and payment history of a property, the owner details, and the property address.
- Map-based searching — Property search results on Foreclosure.com can be displayed on a map rather than a list. Map-based searches allow you to view the distribution of listings in an area and access them with ease compared to a list.
- Free email alerts — Foreclosure.com users can set up email alerts for a particular area or type of property. This means you will be receiving alerts each time there’s a new listing that meets your search criteria.
Foreclosure.com Users Breakdown by Specialty
Is Foreclosure.com Legit?
Yes. Foreclosure.com is a legitimate real estate platform that has been used by investors, agents, and lenders as one of the best ways to find motivated seller leads since 1999, with physical headquarters in Boca Raton, Florida.
Since its launch in 1999, the software has grown to become one of the leading providers of tools to find distressed properties, with over 1.8 million listings across the U.S.
As one of the best websites to find foreclosed homes, the platform has also attracted a huge client base, and this is indicated by the numerous mentions and customer testimonials Foreclosure.com has received across various well-known websites such as BiggerPockets, Trustpilot, and the company’s Facebook page.
Furthermore, Foreclosure.com has a dedicated mobile app for both Android and iOS devices.
On Google Play, the Foreclosure.com app has received over 100,000 downloads and hundreds of reviews, further indicating its huge popularity.
When it comes to security, Foreclosure.com employs technical, administrative, and physical safeguards to keep your data safe from unauthorized access, use, and disclosure.
Foreclosure.com also runs an annual scholarship program. In the scholarship contest for college students, applicants are asked to submit essays on specified real estate topics. The winner takes home $4,000.
Altogether, there’s more than enough proof that Foreclosure.com is not a scam.
Foreclosure.com Customer Reviews
Foreclosure.com Pricing
As a platform solely used as a nationwide real estate investor lead source to find various types of motivated sellers, Foreclosure.com has a pretty straightforward cost structure.
First, new users get a free 7-day trial period when they can test the platform before committing to a paid subscription.
Once the trial period is over, Foreclosure.com users are required to pay subscription fees of $39.80 per month to continue using the service.
The amount will automatically be deducted from the credit card you provided during service registration.
By joining the paid membership, you will be able to access all the platform’s offerings, such as:
- Nationwide listings
- Property information (address, size of home, type of home, asking price, and others)
- Foreclosure, preforeclosure, short sale, tax lien, city-owned, sheriff sale, and bankruptcy listings, among others.
Foreclosure.com Coupon & Promo Codes
Foreclosure.com Features
Nationwide Listing Database
Foreclosure.com is a database with property listings in all states, counties, and towns in the U.S.
According to the company website, there are close to 2 million listings on the platform at any given time.
As a result, you can always find a deal that perfectly suits your financial and personal needs.
Different Types of Listings
Foreclosure.com provides users with several different types of listings, including:
- Foreclosures — The tool allows you to get REO listings from banks. These are properties that a bank or government agency repossessed from borrowers who weren’t able to repay the loan. The lender may sell the property directly via a house or land online auction or employ the help of a real estate agent.
- Preforeclosures — These are owner-occupied homes whose owners are struggling to repay the loan. As such, you will need to contact the homeowner directly to secure a preforeclosure deal. However, Foreclosure.com doesn’t provide the owner’s contact details due to privacy issues. You will need to do real estate skip tracing yourself by using the provided property information (address and homeowner’s name) to find the owner’s phone number. You can use real estate skip tracing services for this.
- Short sale listings — This is a type of preforeclosure listings where the owner’s mortgage balance is higher than the property’s value. The house can be sold for less than what is owed on the mortgage if the bank agrees. Using short sale negotiators’ services for buying a short sale home is advisable to keep the process easier and quicker.
- Sheriff sale listings — Here, the preforeclosure listing is usually about to be auctioned. Since the owner is usually still in charge of the property, you will be required to track them down and make a cash offer.
- Bankruptcy listings — When you see a bankruptcy listing on Foreclosure.com, it does not always mean that the property is for sale. A bankruptcy listing simply means that the person who filed for bankruptcy listed the property as their address and is currently going through financial issues.
- City-owned listings — Foreclosure.com provides a convenient way to find tax-delinquent properties sold by local governments. For each city-owned listing, you will need to contact the local office to find out the specifications for that deal.
- As-is fixer-upper listings — There is typically no foreclosure involved for as-is fixer-upper deals. These are simply properties that are marketed for sale, often by real estate agents.
- Rent-to-own listings — Like fixer-uppers, rent-to-own listings are not foreclosures. They are listings that represent properties that you can rent to own rather than finance conventionally through mortgage loans.
Property Information
All the properties listed on Foreclosure.com come with detailed info on the highlighted property. Some of the details provided include:
- Property address
- Type of house (single-family home, townhouse, multi-family homes, and others)
- Number of bedrooms and bathrooms
- The total size of the property in square footage
- Lot size
- Asking price for the house
- Year of build
- Owner’s name and address
- Property history on the market
- Mortgage information
Search and Filtering Options
Foreclosure.com enables users to narrow down their property and deal searches by using the numerous filter options built into the search module.
You can filter your search by area, zip code, type of property, type of listing, price, and size, among other options.
The platform also comes with listing labels that are displayed on search results. The labels show you the type of listing so that you don’t have to click on the property to find out.
Free Email Alerts
By using Foreclosure.com, you can set up email alerts based on your search criteria.
This means that users receive alerts each time a new deal/property that meets your criteria is added to the Foreclosure.com database.
Foreclosure.com Knowledge Center
Besides motivated seller lead generation-related tools, Foreclosure.com is equipped with a robust knowledge center.
It contains state-by-state foreclosure laws and a massive library of terms used in foreclosure real estate.
The in-depth knowledge center is especially valuable to real estate investors with little to no experience in foreclosure deals.
Foreclosure.com Pros and Cons
Pros
- This wholesale real estate tool is cheap and also has a free trial.
- Listings on the platform are frequently updated to help you find and secure deals before they hit public sources such as newspapers and Craigslist.
- The platform has an in-depth knowledge base to help less experienced investors navigate foreclosure deals with ease.
- The map-based search allows you to view the distribution of properties within an area and, as a result, easily find the best deals from motivated sellers.
- This real estate investor software company has an affiliate program where you earn a 25% commission for every new user referral. This makes the platform even cheaper to use.
Cons
- The property data isn’t always accurate, according to multiple user reports.
- The service lacks in-depth investment property analysis software tools which would be helpful in pre-offer investment property due diligence.
- The map-based search functionality sometimes malfunctions and displays properties that aren’t within your search criteria.
Foreclosure.com Integrations
We couldn’t find any software integrations for the Foreclosure.com platform.
Foreclosure.com Alternatives
- HouseCashin investment property marketplace
- Real Estate Bees property marketplace
- Auction.com
- Sundae
- NeedtoSellMyHouseFast
- PropStream
- BatchLeads
- iSpeedToLead
- PropertyRadar
- Motivated Leads
- PiN
- Propelio
- FreedomSoft
- MyHouseDeals
- REI/kit
- REIPro
- InvestorLift
- 8020REI
- Fast Home Offer
- Lead Sherpa
- Realeflow
- USLeadList
- ListSource
- RealtyTrac
- Hubzu
- CurrentForeclosures.com
- Bid4Assets.com
- Zillow
Foreclosure.com Achievements
Awards & Recognition
Best Lead Generation Company for Real Estate Investors (Awarded by Real Estate Bees)
Press & Media
Foreclosure.com FAQs
Does Foreclosure.com have a free trial?
Yes. The software company has a 7-day free trial period when new users can try out the platform and determine whether it’s suitable for them.
After the free trial period has elapsed, you will be required to pay the membership cost.
How many clients does Foreclosure.com serve?
There is no reliable information on the number of customers Foreclosure.com serves.
However, Foreclosure.com has received numerous mentions, customer reviews, and testimonials across popular real estate forums and SaaS review websites like BiggerPockets and Trustpilot, which indicate the platform’s huge reach.
Who founded Foreclosure.com?
Foreclosure.com was launched in 1999 by James Houston, Brad Geisen, and Jeff Johnson.
The three co-founders all have over three decades of experience in real estate, and all have served in the company’s leadership at some point.
What is Foreclosure.com’s customer service number?
Foreclosure.com users can reach out to the company by calling (561) 981-5337 for general customer service inquiries.
For billing issues, customers are required to call the dedicated billing line at (800) 535-6945.
What is the Foreclosure.com cancellation and refund policy?
Foreclosure.com users can cancel their service subscriptions at any time and may receive a refund depending on the situation.
To be eligible for a refund, the service cancellation must be within the first two months of using the platform.
This means you won’t receive a refund if you terminate the subscription after the first two months.
How to cancel Foreclosure.com subscription?
There are four ways Foreclosure.com users can cancel their membership:
- Log in to your account and cancel through the profile page.
- Contact the company through the customer service line.
- Visit the ‘Contact Us’ page on the company website and select ‘Cancel Service’ in the drop-down menu as your reason for contacting the company.
- Visit CCBill.com, Foreclosure.com’s billing partner, and follow the on-screen instructions.
Foreclosure.com Tutorials & Training
Is Foreclosure.com Worth It?
Yes, and there are several reasons for this.
First, Foreclosure.com is remarkably affordable and offers great value for money since users have access to millions of high-quality leads that are frequently updated.
Besides being a great way to get wholesale real estate leads, Foreclosure.com offers an affiliate program allowing you to lower the operation costs even further.
The platform also has a knowledge base of foreclosure laws and terms — a feature that is especially useful for investors with little experience in foreclosure real estate.
Lastly, Foreclosure.com has a mobile app that helps users run their business from anywhere and receive property and deal alerts in real time.
Foreclosure.com Contacts
- Website: Official website
- Phone: (561) 981-5337
- Email: [email protected]
- Address: 1825 NW Corporate Blvd, Suite 110, Boca Raton, Florida 33431
- Socials: Facebook, Twitter, YouTube, Pinterest
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About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.