5 Places to Look
1. Foreclosed Repos Websites. These sites tend to focus on specific things like repo autos or
government seized property. They provide databases of available inventory that you can search
to make it easier for you to find what you are looking for. Some require a paid membership,
but that small fee can be worth it if it helps you save a lot of money when purchasing a car or
home. Unfortunately, they are not always comprehensive, they may not include some of the best
sources and other sites will have other information. It is a good idea to look at several of the
free ones and do your research about the quality and type of services offered before paying for a
membership.
2. Lenders. Since banks and credit unions are the companies giving out the loans, they are the
ones that take back the repossessed cars and foreclosed homes. You can contact the lenders
directly to find out how they sell off their foreclosed repos.
3. Government agencies. Several departments (VA, HUD, etc.) offer home loans or assistance
programs and end up selling any homes that are foreclosed on. Other agencies (FBI, IRS, etc.)
sell seized homes and autos or surplus vehicles through auctions. Check out their websites or call
agency offices near you for more information.
4. Real Estate Offices. If you are looking for foreclosed homes of any sort, they often are on
the MLS, so a realtor can specifically look them up for you. Many offices will offer lists of
recent foreclosures. An agent that regularly handles foreclosures may have a heads-up when new
properties are getting ready to hit the market, which will help you find the better properties that
tend to disappear fast.
5. Auction Agencies. Call several to find out who regularly handles auctions of foreclosures or
repos. Try to get on their contact list so you can get notification of future auctions.
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