Who pulls your Probate leads?

Question

I'm thinking most people delegate this responsibility after a while.  If so, who do you have pulling probate leads and how much do you pay them per lead?  Also, do you give them a bonus if you end up closing on one of their leads?  
I'm thinking about posting an add on craigslist to find a high school or college student.

Michael Quarles · Answer

For Flipping

1) Absentee equity mid term out of state
2) Absentee equity mid term out of city
3) Absentee equity mid term in city
4) Owner Occupied equity long term ownership 
5) Inherited
6) Probate
7) Mortgage Late 60-119 days
8) NOD - Lis Pens
9) Owner Occupied mid term ownership
10) QC Deeds

Michael Quarles · Answer

Corelogic's footprint is much greater than fidelity's so I use corelogic

Mid = 7 years ownership or longer

Michael Quarles · Answer

Check your area for a Legal Processing Company.  They file for attorneys and may not charge much since theyre already there.

Also some "Legal Publish" newspapers already have this info. Call your local fictitious business office. Its a County Government office for the list of newspapers and call them to find the one who publishes deaths and probates.

IMHO Probates are #6 on the list of prospect groups and right above them at 5 are inherited which USLeadList.com sells quarterly.

Good hunting.

Account Closed · Answer

The absolute best way is to go down to the court house, or if you have them online in your county... I use Postal Impact... It is $1500 for 6 months of leads (usually about 130 a month)... and all I do is print them and send the letters out so saves me the time of looking them up, they will also have the follow-ups at 60-90-120 days, so a good way to keep organized

Brian P. · Answer

Never know who to use. I wanted to save time because I was doing it myself. One day I was at the library and sat down next to a homeless guy who was neat and clean and reading the paper. He was looking at the employment section and I said see any interesting jobs and he said not today. I said have you been looking very long and he said two years. We talked and I got his story and half bought it. I said I got something you can do for about a week and make a few bucks at, interested?

Took him over to the probate office and gave him instructions, note pads and pencils and said I'll be back out front tomorrow morning at 9am. We developed a working relationship and I added other duties to his schedule. Watching this guy evolve from a sixth grade education and homeless to an investor was something.

One thing he started doing was delivering a weekly freebie door to door once a week they would take the guys out to a area and drop them and then pick them up later so I told him you might as well be driving for dollars at the same time.

One day he told me about an interesting house he saw and thought it might be a lead. So we went out to look at it. We turned it into his first deal. As time went on he decided to return to his home town and be an investor there. But he didn't ride the rails to get there, he went back in a new pickup and with a nice bank account. I know he did well there but one day his sister sent me a letter with the bad news, he and his best friend had drowned in a boating accident. Sometimes I think god is a sob.

Yu L. · Answer

@Michael Q. , you don't have eviction on your top 10, is it on your list at all?

Al Elliott · Answer

what's the difference between mortgage 90-116 and NOD

Justin Silverio · Answer

mid term meaning they owe about 50% of the property value or 50% of the original mortgage?

Michael G. · Answer

JS - I still do this myself but I think it would be well worth my time and effort to train and pay someone else to do it.

MQ - Do you use Corelogic, Site-X-Data or some other list source?

Justin Silverio · Answer

Michael - I receive the newspaper that publishes obituaries but they don't specify whether the deceased had RE. I'll look into the legal processing companies. Also, just out of curiosity, what does your full ranking of prospect groups look like?

Thanks.

Who pulls your Probate leads?

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