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Updated over 10 years ago on . Most recent reply

User Stats

53
Posts
17
Votes
Ernad D.
  • Investor
  • Loves Park, IL
17
Votes |
53
Posts

Need feedback on county foreclosure records

Ernad D.
  • Investor
  • Loves Park, IL
Posted

Dear BP,

My county has a court calendar and I am able to sort by a hearing list foreclosure docket.  Here is an example:

Now, I have a method to look up the address of the property in foreclosure by searching by the owner name.  If the property turns out to be a 2-4 unit property, I would like to possibly invest.  I know this can be a lot of work, but I can make time on the weekends.  

What does it mean once the owner gets to this point?  Is it too late to step in and ask them to sell to me because the bank has already taken the property?  Should I look ahead a certain amount of weeks on the court calendar and target those owners?  What is the best way to reach out to the owner who is dealing with the foreclosure?  Or, should I contact the bank and ask them to sell to me?

I look forward to your feedback.  Thank you!

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