Anyone use foreclosure.com?

Question

Curious if anyone on here uses Foreclosure.com in any consistency to find potential investment properties. Is it worth the $40/month or am I better off just getting info from local data sources? Any input would be appreciated.

N/A N/A · Answer

What kinda info are you referring to that I can get from title companies? Are you saying title companies will give me leads (aka addresses) on potential properties in foreclosure, etc? That would be great. Thanx.

Dwight (Matt) Mathews · Answer

Believe it or not!  Your best source of leads,and resources will be through establishing a networking relationship with a Buyer Agent/Investor who specializes in working with Investors.  We are hard to find but we're out there.  Interview a few and make sure they also are not only Investors but they know how to perform due-diligence and  have the knowledge and experience to evaluate your deals. If all they know how to do is send you MLS listings-Forget It!  Tell them what you need and want.  Put them in the transaction on the buy/sell and you'll have a partner/friend for life.   Once you find me-never let me go!!

Matt Mathews
Buyer Agent/Investment Advisor
Mathews Associates LLC

Jon Holdman · Answer

Also, try our county offices list.  Some counties have information online.

N/A N/A · Answer

I have always heard that title companies would provide that info, but why would they have it.  Where I live you can pay $1.50 at the courthouse and get the leads each week or month however often you want to do it, but it still takes me time.

Best Wishes,

Account Closed · Answer

Get the info locally. Most websites where you pay a monthly fee will have stale data compared to the local sources.

A title company can provide the info for no charge. The customer service department is where to ask. Title companies provide the info so that you will bring them deals when you want to close a transaction.

At least this is how title companies work where escrows are closed by escrow agents and not lawyers.

John Corey

Rob Lawrence · Answer

They just get the info from somewhere else anyway.  You are better of getting it yourself.

Chris T. · Answer

What type of data can you get from the title company and why do you get it?  How do you use the data?

Mark B · Answer

Thanks for this tip.  I agree.  Can you tell me some of your methods for finding properties pre-foreclosure?
Thanks,
Mark

Daniel Kirkpatrick · Answer

you really want to get the information on the property before it goes into the foreclosure stage, in other words-when the loan first becomes defaulted on,

I have never used those sites because by the time it is listed, the home owner has already been contacted by tons of investors.

Anyone use foreclosure.com?

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