As much as real estate owners want to stay away from having their property foreclosed, they will have no choice when their debt becomes due and they cannot generate the required payment to their mortgagors. It’s true that there are lots of Real Estate Owned Foreclosures in the US, especially during the time when many were paid off from work when the US economy didn’t do well. There were lots of citizen who weren’t able to pay off their debts that are due that is why their properties were foreclosed. Most foreclosed properties were then posted in a Free REO foreclosures listing. Most realtors resort to get listed in a Free Foreclosures blog site so that the foreclosed property will be posted again as “for sale” to another buyer. It is better to have it this way so that the property will have the chance to be immediately sold, especially with the fact that the property is depreciating. It will help up the realtor to sell the property at a price higher than its cost.