We believe that especially for students just starting out it is best to stick with Short Sale property because of all the assistance available in negotiating deals and transactional funding that makes property flipping relatively easy.  For more advanced students and pros, however, eventually you will probably enter into the world of buying bank-owned property.

Here’s a list of the free websites that can be used to locate bank-owned property:

American Home Mortgage Servicing, Inc
https://re.ahmsi3.com/staticBroker/rePropertiesNew.jsp

Bank of America (including Countrywide)
http://bankofamerica.reo.com/search/propertysearch.aspx

BB&T
http://www.bbt.com/applications/specialassets/search.asp

Chase
http://mortgage.chase.com/pages/othe/co_properties_landing.jsp

Citi
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do

Compass Bank
https://www.compassbank.com/appforms/properties/index.jsp

GMAC  and CapMark- Now Berkadia
http://www.berkadia.com/Berkadia/REOProperties.aspx

HomePath by Fannie Mae
href=”http://www.homepath.com/

HomeSteps by Freddie Mac
http://www.homesteps.com/hm01_1featuresearch.htm

HSBC

http://www.banking.us.hsbc.com/HICServlet?cmd_PropertySearchDefault=cmd_PropertySearchDefault

HUD – Housing and Urban Development Listings
http://www.hud.gov/homes/index.cfm

IndyMac (now OneWestBank)
http://apps.indymacbank.com/individuals/realestate/Search.asp

M&T
http://services.mandtbank.com/personal/bank_owned_prop.cfm

Ocwen
www.ocwen.com/”>www.ocwen.com/

Regions Bank
http://realestate.regions.com/servlet/Ore/ForeclosedPropertySearch.jsp

SunTrust
http://suntrust.res.net/

Wachovia
http://reo.wachovia.com/