Subscribers can view the Comparable Sales and Lien & Loan History reports from the Property Details or My RealtyTrac pages for properties. The comparable sales report provides a list of up to 15 properties that have sold recently in the neighborhood and an analysis of property values in the neighborhood. The liens and loans report provides a list of loans secured by the property and any tax liens placed on the property.

Subscribers can also use the "View nearby MLS listings" link on property details pages to see other properties listed with real estate agents in the vicinity of the properties posted on RealtyTrac. The asking prices on those nearby properties will provide a rough estimate of the neighborhood's market value.

Register for a 7-day free trial subscription to get full access to RealtyTrac's property data and services.

If you're not a subscriber, you can order an automated valuation report from RealtyTrac to find the market value of a property. Go to our Property Reports Matrix to view samples and order reports that will help you research market value and transaction history.

If you work with a real estate agent (which is recommended for first-time foreclosure buyers), the agent can provide professional advice on the value of the property and how much you should offer. Contact an Agent to find a local real estate agent in the RealtyTrac Agent Network who can help you buy a property.

Foreclosure is a legal process that allows a lender/bank to sell or take possession of a property due to non-payment of a loan that is secured by that property. RealtyTrac posts properties that have already been foreclosed (Bank Owned) and properties that are in the foreclosure process (Pre-Foreclosure, Auction). Buyers have three opportunities to purchase property during foreclosure.

1. Buying Pre-Foreclosure (NOD, LIS)

2. Buying at Auction (NTS, NFS)

3. Buying Bank Owned (REO)

Browse our eBookstore for more resources on buying foreclosures.

About RealtyTrac
Ranked as the third largest real estate site by MediaMetrix, RealtyTrac provides all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value. Subscribers have access to more than 1.5 million properties nationwide, including the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties. RealtyTrac also provides tools and resources to help in the process of buying a property, including property reports, postcards to contact owners and extensive professional resources.