Comments on: How to Find Foreclosures – Where Do I Start?

By: vlad

vlad — Wed, 18 Nov 2009 09:27:34 +0000

Hello! I think that nowaday foreclosure is the best for invest. And here Look Here you can learn (from prominent investors ) profesional tips how to buy & sell with huge profit. Good Luck!

By: James Mikel

James Mikel — Thu, 15 Oct 2009 19:22:22 +0000

Hello All, as a second generation investor I can tell you that knowledge and motion are the key. Here’s a tip for those in Florida seking to locate foreclosures or pre-foreclosures. Check the official records. All counties have a Clerk of Circuit Courts Office and most have a link from their homepage to the foreclosure listings. The listings will not include the addresses to the properties but you can easily take note of named owners and cross reference them with the Property Appraiser’s records to locate address. For locating pre foreclosure homes check the official records and query by Lis Pendens and restrict search dates to within the past 20 days. The Lis Pendens is a leading document recorded in a foreclosure filing. Almost every county has a link to the official records from the Clerk’s website. You will find many properties, if you intend to contact the owner, ignore those Lis Pendens which lists a mortgage company as Defendant (this will save you a lot of time) as this typically means there are additional unsatisfied mortgages. This will reduce your prospect list by about 80%. The great thing about learning to use and navigate the official records is that you will be able to conduct your own lien and title searches so as to know exactly how much equity an owner has before you make contact.

If the property does have Defendants listed that are Lenders, you can query the owners named as Defendants to find if the mortgages and or encumbrances are superior or inferior to the mortgage being foreclosed.

This is turning into a tutorial, in short Lis Pendens you can locate pre foreclosures before anyone else knows. Seek out judgments in the official records to locate properties which have met the requirements of law and are awaiting auction.

By: Kevin Hansen

Kevin Hansen — Sat, 21 Mar 2009 17:37:34 +0000

I think now is a great time to buy even though the market may keep going down for a while. I think I’ve found a way to help these banks get these forclosures(non performing assets) off of their books. Check out the asset finder program at http://www.realestatebuyerstoday.com

By: Foreclosed Property

Foreclosed Property — Tue, 10 Feb 2009 02:31:02 +0000

You are so right, the government contributed to creating this crisis by not paying attention to the bad loans being made. We need to take the bull by the horns and find a way to not only fix it, but make sure it doesn’t happen again. Foreclosed Property is definitely flooding the market.

By: NewSunSEO

NewSunSEO — Thu, 20 Mar 2008 20:37:29 +0000

Hello, I agree with TSmith on this one. Its all of the foreclosures that are flooding the market that make it impossible for those of us who are selling for reasons other than foreclosures to sell. Don’t get me wrong, people are still selling but for lower prices than their property is worth.

By: David Langham

David Langham — Wed, 27 Feb 2008 19:12:38 +0000

I have had some success through our company in controlling the property through some of the methods you suggested and even more creative ones. We have had the most success, though, by finding the right REO Realtor who knows what we are looking for in a deal and giving us things we can work with. Our access to private funds to purchase and rehab the houses has been what makes things work best for us.

If anyone in South Western Pa has connections to REO’s, foreclosures or preforeclosures and are looking to make multiple deals then we are the people to talk with!

By: Chris

Chris — Mon, 04 Feb 2008 23:16:03 +0000

Great–excellent tips. Might I also suggest to consult with an asset management company to find REOs? Although these homes may have gone through the foreclosure process, there are several benefits such as removal of liens and better financing options that may not necessarily be available beforehand. You can also go straight to a bank that deals in REOs and work directly with them. Here are some more tips on this site I hope you’ll find useful: http://investmentpropertiesinfo.com/index.html
(Scroll all the way down to the bottom and you’ll see the Foreclosures section.)

By: 7 Basic Steps To Aquire a Foreclosure Once You Find a Property - Step #1 | Real Estate Investing Blog

Sat, 17 Nov 2007 11:58:36 +0000

[...] you found a property from one of the foreclosure sites I mentioned in my previous post “How to Find Foreclosures – Where Do I Start?” or in a legal notice from your newspaper. You’re excited with the information you read [...]

By: David Cowgill

David Cowgill — Mon, 05 Nov 2007 01:43:24 +0000

Hi Mala-

I don’t know of any sites that provide that information for free. I agree, if you don’t know the location of the property then it’s tough to make an offer.

By: Mala

Mala — Mon, 05 Nov 2007 01:40:58 +0000

Is there ANY website or court documents that allow free access to the address of homes in pre/foreclosure/bankruptcy/tax liens?? It’s a waste of time if I can’t determine the location of the property as I won’t take the time to drive out and see it if the address is not given and you have to pay for it and then get bombarded with email forever. Both of the sites you mentioned charge fees for
information about these homes.