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Updated almost 2 years ago on . Most recent reply

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Raj A.
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Best way to source foreclosure or pre-foreclosure opportunities?

Raj A.
Posted

In addition to working with an agent (and building a strong relationship with agents in general), are there any websites or services out there where an investor can get access to foreclosure or pre-foreclosure opportunities in a particular market? I've checked out websites like foreclosure.com but am unsure if that is the best website to use for this purpose. Also curious if Realtor.com or some other professional body has their own foreclosure service/website that I could subscribe to. 

Any pointers/guidance welcome. Thanks!

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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
1,792
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Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
Replied

Hey @Raj A., every U.S. state handles foreclosures their own special way! Where specifically are you interested in finding pre-foreclosures?

Georgia, for example, requires a foreclosure notice to be posted in the official county newspaper for four consecutive weeks leading up to the sale, on the first Tuesday of every month. That notice states the property address, borrower's name, lender name, and original loan balance.

Once you select a county, you can search the official newspaper's "Legal Notices" section and find all the pending foreclosures for that county.

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