There seems to be no end to the number of foreclosure opportunities for investors these days. In keeping with this trend, a number of Web sites have been created to serve the foreclosure investor. To that end, we’ve listed 100 sites below, from tutorials to databases to articles and blogs. Although some sites are more useful than others, we’ve tried to avoid sites that offer no value to the investor whatsoever. These include databases listings without a clue as to who offers these databases and Web sites that offer advice without credentials. With that said, we may have missed a site or two that may truly be useful. If you know of a site that provides value to the foreclosure investor, let us know through your comments.

If you can stop a foreclosure by consolidating your debt, reducing your monthly payments to other creditors, and then having enough money to pay your mortgage lender, you should definitely consider that route. Not only will you improve your credit by getting all past-due loans up-to-date; you can save your home. The key problem is finding a lender who will do that for you. But think twice about consolidating your debt, because you are converting unsecured debt (credit cards) to secured debt (an equity line) and putting your home ownership at risk of foreclosure.

A foreclosure notice contains detailed information about the borrower, the property, and the loan involved in the foreclosure. This information includes: 

·         Date that the Notice of Default or lawsuit was filed and recorded in the public records 

·         Names and addresses of the mortgagor or trustor whose loan is in default 

·         Names and addresses of the lender, trustee, or beneficiary who are foreclosing on the loan 

·         Notice of Default or case number 

·         Street address of the property 

·         Legal description of the property 

·         The land use or zoning code for the property 

Foreclosure is the means by which your lender can legally repossess (take ownership) of your home from you if you aren’t living up to your end of the bargain – making your payments to the lender. Once the lender forecloses on your home, you must move out of the home or you will be evicted. 

In addition to losing your home, you could even owe the lender more money. That happens if the value of your home is less than the amount you owe on your mortgage loan.