I have been spending a considerable amount of time in the record research departments of my local court houses trying to get my hands on judgments pertaining to real property. It is a bit more confusing than I would like to admit. I thought you might be able to help me out with some questions.
1. Is there a particular document that we should be looking for? I found many are listed under determination of homes and others under distribution of assets. etc. Many court clerks have told me that at one time they had a "run report" system that would turn all this into a very easy list to get but that it had been discontinued.
2. What other lists would be possible to get from data mining like this? I have yet to walk into the records department and see another investor or anyone with a laptop building lists. I want to capitalize on this if possible as it doesn't appear that many others are willing to take the time to mine it for themselves.
3. Where am I missing these other probate records from in my searches? Some of my lists in large counties only turn up say 100 properties in a year search. Surely there must be more than this?
4. GOOD news though, my last mailing of ~100 returned only 5 letters. Good to see that they're getting to where they need to be.
Thanks for any input in advanced!
Scott - you mean that, because you've only receive 5 returned mail pieces from a total of 100, that's good news, in your opinion?
Two things here: the trick is to get your targets to open the mail piece, engage them someway, and get them to respond by calling or writing you, or taking some other action, like going to a landing page, etc.
Second: I've done pretty well collecting and skip tracing nixies, the returned mail you speak of. There's gold in them thar nixies.
Rick - Yes! Considering that some of the well known list providers I purchased from in the past had very high retuned mail rates. One had 77/368 returned!
Thanks for the input on the "nixies", I'll make sure I look into them rather than discard and remove from my lists.
How far back should I start in the probate records? I figured a year was too long as they would either be keeping the house or sold it by then. Closed cases or open/pending?
I know to let spouses be as they most likely won't be motivated to sell but what about the house that is split evenly between three kids?
How long should I wait to update the list once it is up to date?
So many questions after today's trip to the court house.
Thanks for any insight!
I don't the answer to your questions.
This is not a one-and-done kind of a mailing effort.
I've got some of my best investments from "stuck" probate cases that were open over a year. Here's a question to ponder: if they're still open, why?
You've obviously listened to other people's opinions about mailing to spouses. Unless they're paying you not to mail, I'd mail. Just use a different campaign.
You need to be patient and talk to an awful lot of callers before drawing too many conclusions. Keep mailing until your bloody fingers smear the envelopes. That would be a good to time to back off...for one day only.
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