I am trying to compile a list, or buy one, that includes properties which are late on mortgage payments. I've been told multiple times there are companies who have this information but I'd rather dig and find them myself. Any info would be greatly appreciated. Thank you.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
6y
@Vaughn Smith@Vaughn Smith Zillow does Not designate properties that are 30,60,90 days late as preforeclosure....they don’t have access to that data....those are properties where a foreclosure action has been filed, and many of them are errors or outdated.
The only way to know if someone is simply “late” is from their credit report, as reported by the lender. I’m pretty sure distributing that info is now illegal.
Property Manager · NJ · Member since 2017 · 786 posts · 396 votes
7y
@Nathan Goff here's an easy way but it takes a bit of legwork. Look locally and search Zillow, believe it or not, the pre-foreclosure designation that you see on the site on a property means that a person is delinquent on their mortgate payment (granted no site is 100% fool proof). some of the dialer services like Red-x or Mojo may offer you lists and contact info as well, but I find that the phone numbers they provide often don't work
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
6y
@Vaughn Smith@Vaughn Smith Zillow does Not designate properties that are 30,60,90 days late as preforeclosure....they don’t have access to that data....those are properties where a foreclosure action has been filed, and many of them are errors or outdated.
The only way to know if someone is simply “late” is from their credit report, as reported by the lender. I’m pretty sure distributing that info is now illegal.
@Wayne Brooks Thanks for the clarification. I often read about "strategies of finding deals" and this keeps coming up as one of them, so I'm not really sure how they are doing this, yikes
Property Manager · NJ · Member since 2017 · 786 posts · 396 votes
6y
@Wayne Brooks please review my comment again I never said that Zillow makes that designation of 30,60 or 90days late, I also stated that no sites info is fool proof
Specialist · Carlsbad, CA · Member since 2018 · 1k+ posts · 638 votes
6y
You might want to contact a list broker. The leads are quite expensive though. I have also heard one can get it from credit reporting agencies. You can also check out https://yellowletterscomplete.com/ (not sure if they still sell leads)