Prices on foreclosed properties can be relatively low.
When an individual or family in Hartford, Conn., forecloses on a home, the address is immediately listed on a website called Foreclosure.com. A foreclosure is when a mortgage holder can no longer pay or defaults on a loan. The holder is then evicted, and the house goes on sale, usually at a lower price than it is worth. The money from the sale must be enough to cover the remainder of the mortgage. It is relatively easy to track foreclosed homes in different parts of the country.
Instructions
1. Log on to the Internet and find the website Foreclosure.com. The site is constantly updated and provides information on foreclosures to news sources like the Associated Press and The Wall Street Journal.
2. Plug "Hartford, CT" into the search function and hit "Search."
3. Browse the choices that come up. Depending on the property, the website may list the address and price--even include pictures.
4. Keep your eye on foreclosed homes in Hartford over a period of time by signing up for a free alert when a new house goes on the market. Navigate to the "alert" section of the website and fill in your email address and the ZIP code of where you are seeking a house. Hartford's ZIP code is 06106.
Tags: foreclosed homes, house goes
