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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Birmingham, AL
10
Votes |
45
Posts

I am considering developing software to collect foreclosure info

Account Closed
  • Investor
  • Birmingham, AL
Posted

I am considering developing software to sell to investors to collect foreclosure info from the legal notices advertised by your local attorneys to make researching foreclosures easier. The info from attorneys being just address, date of sale, and starting bid price, then attach other relevant info from other sources. Year built, Tax assessed value, last sold date, last sold price, zillow price estiamte or zestaimte, then have it run some calculations for the difference between starting bid and estimated value assuming a min of 20k profit, 8% selling fees, 10k for renovations, etc, and then highlight the ones that look like a good value based on that formula. Then have the ability to map foreclosures to see at a glance, your areas of interest? I have created this software for my market and use it daily (see attached), Is this something that people would be interested in? the software would be inexpensive, like around 75 a month. It updates every hour so when the auction gets closer and the starting bid is put on the web page this webpage would update. It has saved me countless hours researching foreclosures daily and has allowed me to work smarter. 

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