Seven (7) - Powerful Strategies on Finding Foreclosures !
Greetings,
Re: Seven (7) - Powerful Successful Strategies for Finding Foreclosures-
In Your Area-Revised
1. Do A Google/Yahoo Search {(or Call Info-411 (http://www.411.com )} to locate the County or Courthouse Clerk (Recorders Office) in the area where you are interested in locating Foreclosures. Once you have the contact info., Ask for the name of the Legal Newspaper (Insiders Secrects) where Foreclosures are listed for the Next Upcoming-Sale. These are essentially Pre-Foreclosures (Properties Pending Sale due to Delinquent or Non-Payment of Mortgages).
FYI: Foreclosure Listings May Be Advertised Daily or On Certain Days only, so be sure to ask for the exact day that the listings are advertised. Also, ask if the newspaper has an online presence: If so, go-to the online website (see the hard-copy-Newspaper): Always look under the "Legal Section".
2. Contact A Respective Title/Insurance Company for a List of Potential Foreclosures.
FYI: It may be helpful to let them know that you also plan to do, including refer, future business with them .
3. Contact the Attorneys-at-Law who acts as the Trustee or who represents the Lenders for a listing of Pending Foreclosures.
FYI: This Info. Can Be Found in the Foreclosure Advertisement Section.
4. REO Bank Foreclosures: "Properties that are now owned by the Lender or the Bank." You must either contact that bank directly or seek a REO Specialists: A Real Estate Owned Agent or Service - who is now marketing the property for sale on behalf of the Bank or Lender. The beauty of buying directly from the Lender or Bank is that the property is cleared of all liens and encumbrances. However, always be prepared to negotiate on the price.
FYI: Contact a Real Estate Firm and Ask for a REO Agent or Specialist.
5. Also, be it known that there are Real Estate "Tax Sale Foreclosure" Auctions (Sale of Actual Real Estate Property due to Unpaid Delinquent Real Estate Taxes). These sales are also known as: Tax Deed Sales or Auctions, Tax Lien Sales, Tax Certificate Sales, and Tax Foreclosure Sales, etc. Point: Property in some cases is not actually sold, but rather the taxes are being paid to the County on behalf of the delinquent tax-payer. In exchange, you, the Investor, can earn “INTEREST” on your money. Also, there are sales; however, (namely) Tax Deed Sales, Tax Foreclosure Sales, and Special Tax Sales, etc. where Actual Real Properties are sold (Homes, Vacant Residential and Commercial Lots and Buildings, Mobile Homes, etc.) whereby you get a “DEED” to the property without having to wait-out for the Redemption Period to end.
FYI: Google/Yahoo "Delinquent Tax Sales" or other related terms for more info. on that as well.
6. Check-Online for a Reputable REO or Foreclosure Listing Service.
FYI: Be Careful as All Information from some sites are not current nor updated to reflect the most current and accurate info.
7. Network with Local REO Real Estate Agents, Local Real Estate Investment Groups or Clubs, etc. as some of these individuals are your Inside Connections to Access the Info. that you need to Succeed in your Quest for Success as You Invest In Real Estate for Profit (Dollars).
FYI: Remember: In Order To Make "DOLLARS" in Real Estate, the Deal has to really Just Make Good "Sense".
Hope this Helps You, DelinquentTaxSaleInvestor,