New to Real Estate · Suburbs of Chicago · Member since 2022 · 9 posts · 2 votes
Hello all, I am currently trying to learn how to find and purchase pre-foreclosure or just foreclosures in general. I signed up for a membership with foreclosure.com and have found a couple properties. I would like to reach out to the current owners but do not know how to get this information. I tried looking up on the county website but did not have any luck. If there are any methods you guys have on finding these properties and getting ahold of the property owner I would love to hear them. Thanks in advance!
Hello all, I am currently trying to learn how to find and purchase pre-foreclosure or just foreclosures in general. I signed up for a membership with foreclosure.com and have found a couple properties. I would like to reach out to the current owners but do not know how to get this information. I tried looking up on the county website but did not have any luck. If there are any methods you guys have on finding these properties and getting ahold of the property owner I would love to hear them. Thanks in advance!
I've never used Foreclosure.com so I'm not too sure of how it's laid out. If you have an address, you should be able to type it in on the county site and find out who the homeowner is.. Unless the state that you reside in has certain privacy laws. Here in FL, pretty much everything is public record lol. Otherwise, they're must be an issue elsewhere.
I use Prop Stream to get leads for each of my niche lists. For foreclosures, it's important to what type of foreclosure state you're in: judicial or non-judicial.
In judicial foreclosure states, like FL, the proceedings must be conducted through the courts with a judge making a final ruling. In a non-judicial foreclosure state, like GA, lenders can foreclose on a homeowner without going through the courts. This puts homeowners in a pretty bad spot, because now they can be foreclosed on significantly faster. TN is unique because foreclosure proceedings can be either judicial or non-judicial depending on the circumstances.
PropStream gives you all of the owner's information. When you go to download your list, the names, subject address, and the homeowner's current address (if different from the subject property) will be on there.
You can also do skip-tracing, which gives you the ability to find the homeowner's most recent phone number. This is useful if you are savvy with cold calling (or want to learn).
You can skip trace the addresses using a tool like propstream as mentioned, give them a call and ask them if they'd be interested in an all-cash offer on the property, don't get into the fact that they are behind on payments, just ask them if they can use cash fast. Ask them about the condition of the home, whats motivating them to make the move, etc. Rinse and repeat. You need a lot of properties to target to find both 1) property that meets your criteria and 2) motivated seller willing to accept your offer