Market Briefs Newsletter

Subscribe to our FREE finance & business newsletter to get financial news you can finally use.

Thanks for signing up to Market Briefs! Please check your email to confirm your subscription. If you don't see the email in an hour, check your spam and promotions folder. 

Be sure to read our Privacy Policy & Terms of Use.

  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Minority Mindset

Minority Mindset

Defy all odds.

  • Home
  • About
  • Blog
    • WEALTH
    • REAL ESTATE
    • STOCKS
    • SAVINGS
  • PRODUCTS
  • MONEY 101
  • GUAC TALK
Advertiser Disclosure

Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

See more from Real Estate Investing

Foreclosure.com Review 2022 – Should You Use It?

January 18, 2022 by Makenzi Wood

Makenzi Wood January 18, 2022

Disclaimer

We only endorse products that we truly believe in. Some of the links below may earn us some extra guac at no additional cost to you. Please pass the chips & thank you for feeding our habit.

Foreclosure.com Review 2022

Foreclosure.com 2022 Review

At $40 per month, Foreclosure.com saves investors a ton of time finding and vetting foreclosed properties. The company offers a 7-day free trial to help aid you in your personal decision to use their company.

Pros

  • Saves Time
  • Low Cost Listings
  • Higher Quality Listings
  • Knowledge Center

Cons

  • Data Inaccuracies
  • Could Do It Yourself
  • Try Foreclosure.com With A 7-Day Free Trial

Buying a foreclosure is a great way to get into real estate on the cheap. But this is far from easy—that’s why so many real estate investors consult Foreclosure.com before they venture into this market. 

But what do you get for the money? After thoroughly evaluating the platform, here’s an unbiased opinion of what Foreclosure.com is and the pros and cons of using the platform.

PlatformMinimum InvestmentLink
$10Sign Up
$1,000Sign Up
$5,000Sign Up
$25,000Sign Up

What is Foreclosure.com?

A foreclosure happens when a lender (usually a bank) reacquires a property because a borrower couldn’t keep up with their mortgage payments. More often than not, lenders will then turn around and sell the foreclosed property at a discount to cut their losses. As a result, foreclosures are sold in “as is” condition, which means the new buyer is on the hook for repairs. 

Buying foreclosures isn’t for everyone, but if you want to get into real estate and don’t have a ton of cash on hand, it can be a great way to get started. If you buy the right property, you can either fix it up and sell it or rent it out at a profit. 

Of course, it isn’t always simple finding foreclosed properties, especially in a hot market. That’s where Foreclosure.com comes in. 

Buying Real Estate Foreclosure

Foreclosure.com is a database of 1.8 million + properties, which includes single-family homes, condos, townhomes, and even mobile homes. The database lists different types of foreclosures, including: 

  • Bank-owned homes. 
  • Government foreclosures 
  • Pre Foreclosure listings 
  • REO properties 
  • Foreclosure auctions 

Since 1999, Foreclosure.com has connected real estate investors with distressed properties across the US. It claims to save investors 20 – 50% on the price of a property, helping investors spot good deals before everyone knows about them.

While Foreclosure.com is a paid database, it does offer a free 7-day trial (credit card required) for you to see it in action.

Featured Partners

$10 Minimum

Invest Here

$5,000 Minimum

Invest Here

$25,000 Minimum

Invest Here

Is Foreclosure.com Legit?

Hey, it’s good to be skeptical. The long and short of it is that, yes, Foreclosure.com is a real website and it’s 100% legitimate. 

It has an average 3-star rating on Trustpilot and has an A+ rating from the Better Business Bureau. 

I love this review from Rico, who explains that Foreclosure.com is “NOT A SCAM:”

Foreclosure.com is legit, although it could have a higher review rating. Some customers have legitimate concerns over the platform’s data accuracy, billing, and customer service, but yes, it’s a real business.

Foreclosure.com Pros

Honestly, Foreclosure.com has a lot of great things going for it. 

  • Cheap listings: The biggest benefit of using a search engine like Foreclosure.com is to find cheap foreclosure listings. If you spot a good deal, chances are you’ll score it for 30 – 50% less than market value—a mouth-watering deal if you plan to rent or resell.
  • Save a lot of time: Yes, you could sift through the newspapers or could-be-a-serial-killer Craigslist postings. But the biggest upside to Foreclosure.com is the fact that you can find opportunities before they become public knowledge. The email alerts alone will save you a ton of time, too.
  • Foreclosure Knowledge Center: Do you have a question about buying a foreclosure? Feel free to do your own research, but Foreclosure.com has a pretty meaty knowledge base, too. It’s especially nice if you’re a first-time buyer. Check out their state-by-state foreclosure laws or their glossary of foreclosure real estate terms.
  • Higher quality listings: Compared to other foreclosure listing sites, Foreclosure.com has surprisingly complete listings. You might not find room-by-room photos for every listing, but generally, the site tries to put as much data out there as it can.

7-Day Preview subscription: Not sure if you’ll get full use out of Foreclosure.com? No worries. I really like that they offer a free 7-day trial so you can give it a test drive. Of course, if you forget to cancel, they’ll start charging you $9.95 a week. Set a reminder on your phone to cancel if you aren’t sure about keeping the subscription. If you do stick around, they don’t require a contract, so you can cancel at any time.

Invest In Real Estate Today With Foreclosure.com

Foreclosure.com Cons

Of course, nobody’s perfect, so it’s a good idea to carefully weigh the downsides of using Foreclosure.com against its benefits. Overall I think it’s still a solid choice, but you do you.

  • You could just do it yourself: “I don’t need a website to tell me this stuff! I could just find the info myself!” Yes, you definitely can. It’ll require a trip to the courthouse and paying for parking, but you could find foreclosure data yourself. If you hate the idea of paying for a $40 service every month, I certainly understand—although some flippers say they can write off the subscription on their taxes as a cost of doing business.
  • The data isn’t always accurate: I used to work in the data industry and I know firsthand how hard it is to keep databases accurate. Foreclosure.com does everything it can to validate its data, but it isn’t always accurate. Take their information with a grain of salt. The best thing you can do is contact the lender or a property owner to get details on the sale.
  • Foreclosures can be a headache: This isn’t a ding against Foreclosure.com, but a word of warning for any real estate newbies who are interested in foreclosures. Foreclosed properties are sold as-is and usually need a lot of work, which requires cash, time, and skills. Make sure you educate yourself on the ins and outs of flipping houses so you don’t get in over your head.

Foreclosure.com Review

Foreclosure.com Review – Final Thoughts

Foreclosure.com is about $40 a month. Honestly, that’s not a bad price to pay if you’re trying to make real estate investing your main gig. If you’re trying to get ahead of the competition and access listings before everyone knows about them, a subscription to Foreclosure.com isn’t a bad idea.

Sure, Foreclosure.com isn’t perfect, but if you use it the right way, it can really streamline your property search. Strike while the iron is hot: try Foreclosure.com’s free trial period to see if Foreclosure.com is worth your time.

PlatformMinimum Link
$10Sign Up
$2,500Sign Up
$5,000Sign Up

Written by Makenzi Wood.

Kenzi is a writer obsessed with frugal living. She's a reformed shopaholic who's now happily debt-free and working towards FIRE.

Primary Sidebar

Advertiser Disclosure

Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

More From Real Estate Investing

  • 3 Easy Ways To Get Started In Real Estate Today
  • Fundrise VS REITs - Which Is The Better Investment?
  • What Are The Average Returns On Fundrise?
  • How To Invest In Multi-Family Real Estate

Get Your FREE Guide To Real Estate Investing

& our daily newsletter

Thanks for signing up for our financial education emails! Check your email to confirm your subscription. If you don't see the email in an hour, check your spam and promotions folder.

Be sure to read our Privacy Policy & Terms of Use.

Featured Real Estate Investing Posts

3 Easy Ways To Get Started In Real Estate

3 Easy Ways To Get Started In Real Estate Today

Fundrise VS REITs

Fundrise VS REITs - Which Is The Better Investment?

What Are The Average Returns On Fundrise

What Are The Average Returns On Fundrise?

how to invest in multi family real estate

How To Invest In Multi-Family Real Estate

The Latest On Real Estate Investing

REITs VS Real Estate Mutual Funds

REITs VS Real Estate Mutual Funds - Which Is Better?

RealtyMogul Review

RealtyMogul Review (2022) - How It Works, Fees And More

The Ultimate Fundrise Review 2022

Is Foreclosure.com A Legit Way To Find Real Estate?

Finding the Best Rental Property

The Ultimate Guide to Finding the Best Rental Property

There best list of real estate investing terms you should know

24 Real Estate Investing Terms You Need To Know

Footer

Keep Hustlin’

Company

  • About Us
  • Store

Help

  • Contact Us
  • Advertise
  • YouTube

Legal

  • Privacy Policy
  • GDPR Opt-Out
  • Comment Policy
  • Terms of Use

Follow us on:

Disclaimer: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements, and seek independent professional advice, before making any financial decisions. Our content is provided for informational purposes only, and no content that is provided or included in our products or services is intended for trading or investing purposes. We will not be liable for the accuracy, usefulness, or availability of any information transmitted and/or made available by way of our products or services, and shall not be responsible or liable for any trading and/or investment decisions made by you based on any such information. For a further understanding of this Disclaimer and use of our site, please see the information contained in our Terms of Use and Advertising Disclaimer.

Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands.

Minority Mindset has partnered with CardRatings for our coverage of credit card products. Minority Mindset and CardRatings may receive a commission from card issuers.

© 2023 Minority Mindset, LLC. All Rights Reserved.
Website managed by Stallion Cognitive™