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Foreclosurenet.net

- Star Review

Last Updated: 9/12/2008

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Foreclosurenet.net Star Rating

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Member Reviews

On the surface, all foreclosure websites look pretty much alike. When you start to dig a bit deeper, however, you realize that some of them definitely outshine the others. The question is, which sites are the shining stars and which are the fool's gold of the foreclosure world? Our foreclosure website reviews have the answers. ForeclosureNet.net was one of the foreclosure sites we researched. Here's the 4-1-1 on our experience with them...

What’s New?

Helpful Foreclosure Articles
Interactive Mortgage Calculators
Free Foreclosure Newsletter

Our Favorite Feature:

We really liked the site's collection of foreclosure articles. There were quite a few interesting topics including the truth vs. the myths of bank foreclosures, how to buy properties before they go into foreclosure and the risks and rewards of foreclosure investing. If you're interested in buying any property, whether it be a foreclosure or not, this is a good collection of articles to read.

The ForeclosureNet.net Experience:

We ended up having mixed feelings about ForeclosureNet.net. On the one hand, there was an easy-to-use foreclosure search feature, a free 7-day trial and quite a few interesting and informative articles to read through. On the other hand, there were also lead generation forms disguised as "tools" and a lack of real tools to turn to.

When we first hit the ForeclosureNet.net site it looked like many of the other sites we had visited. There was the map that let us search for foreclosures in our area, and to get access to the foreclosure details we'd have to sign up for the free 7-day trial (and provide them with our payment details in order to do so). When we turned to some of the website's tools, however, we discovered that not all was as it seemed.

First is the home valuation "tool". You click on the link hoping to be taken to a calculator. You are then asked to fill out a form. Problem is, it's not really a calculator – it's a lead generation form. When you fill it out your information is sent to a real estate or mortgage professional who can indeed provide you with the information you seek, but you're probably going to have to deal with a sales pitch as well.

And then there was the free credit report link. You don't really get a free credit report. You get taken to a link where you can sign up for a credit monitoring service and as a part of signing up you get access to your credit files.

We'd have been more impressed with ForeclosureNet.net if they seemed more interested in actually providing the tools and resources needed for foreclosure investing and less interested in making money selling your information to salespeople.

ForeclosureNet.net Features:

Foreclosure property search.
Foreclosure articles.
Foreclosure newsletter.

ForeclosureNet.net Pricing:

ForeclosureNet.net offers a free 7-day trial. When your trial is up the fee is $29.95 per month will be charged to your credit card.

ForeclosureNet.net Customer Service:

ForeclosureNet.net provides customer service via phone and email. Email support did answer our questions thoroughly, but it was about 36 hours before we received a response from them. Phone support was, fortunately, more helpful answering our call on the third ring.

Upside:

Lower prices than most of the competitors, informative articles, free newsletter.

Downside:

Too many affiliate links and lead-generation forms.

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