Frequently Asked Questions

 

Foreclosureoftheday.com is owned by 2 conservative investors from Idaho with a passion for two things, flipping properties and deal of the day sites. We decided to combine our two passions and came up with foreclosureoftheday.com. We are so conservative that we only feature “home-runs” and properties that we would invest in. We sell the info on the deal of the day and one other home run in your area that we would buy if we lived there.

 

Do you offer pre-foreclosures or short sales?

NO, we offer bank owned properties. We think true bank-owned properties are the easiest way to make money.

 

Why foreclosures and not just great deals?

REO or Bank owned properties are non performing assets to a bank and they are willing to let them go for big discounts if you follow our buying guide.

 

How are you different from Foreclosure.com or realtytrac.com that sells information?

Those sites are VERY expensive and use evil recurring billing practices. The minimum you will pay is $39.99 per month. Those sites charge for info that you can find for free on our site and a few others.

 

Will you give me info on how to get financing?

NO. We help people find the best deals available, not how to borrow money. Banks will loan you money if you have decent credit. To be brutally honest, it is very hard to buy things with no money down or bad credit and it is getting harder every day in this current economic climate. Clean your credit up and/or save some money if you want to borrow money at a decent interest rate. We suggest bankrate.com when you are ready to buy.

 

Don't foreclosure laws vary by state?

Yes, but we don’t care. The properties we feature on our site and in the software are owned by banks that are motivated to get them off of their books.

 

Do you suggest I use a realtor in the process?

That is up to you but you should follow step by step buying guide and buy the foreclosure that is featured or one like it.

 

Can't I find the exact property you feature on your site somewhere on the web?

You probably could if you look long and hard enough.

 

What areas of the country do your feature?

The whole country but we are looking for the best deals available and the best deals are located in markets with lots of foreclosures so areas like Las Vegas, Phoenix, San Diego, Reno, Miami, etc will be featured often. You can also search foreclosure information by zip code.

 

How do I contact your company?

Use the contact us button and you will usually get a response within 3 hours if you contact us during normal business hours.