How do I handle this property?

Question

Good morning!

Ok so I'm new to the game and went out for my first time "driving for dollars".  Didn't have much time but found about 10 potentials.  A couple were government owned so I figured they would be a waste of time....correct me if I'm wrong.  Several had the owners living in them so I will hit them up....but one I wasn't sure how to handle.  The house was pretty bad on the outside but as I went up to the door to take a look and drop a card I noticed the inside of the dining room (no curtains) had graffiti all over the inside.  The house was obviously not lived in and hadn't been for quite a while.  When I pulled the CAD sheet the owners address was still at that property and the sales part of the form was blank.  How do market to this?  It's not absentee and not bank or government owned.  What do I do with this one?  Thanks in advance!!!

Account Closed · Answer

I use beenverified.com as my skip trace source. It gives me the owners current address, email and phone numbers. It only costs me $25.47 a month which is well worth it. I find the owners name from the assessors website then I use beenverified.com to find them.

Kevin Dunmire · Answer

BTW this lady had about 15 court docs and many of them were eviction notices.  Should I still pay to skip trace at this point?

Kevin Dunmire · Answer

Ok so I went online and DID find court docs on this property.  It mentions a sheriff sale coming up.  What does this mean?  Do I have to wait and attend or can I go after this property now???  If I should wait for the sale how exactly do I find more out about the sale?

10/06/2016

Decree of Foreclosure Sent to Sheriff for SaleIssued to sheriff for Dec 21, 2016 sheriff saleSale Date:12/21/2016

Issued to sheriff for Dec 21, 2016 sheriff saleSale Date:12/21/2016

Sale Date:12/21/2016

12/21/2016

Kevin Dunmire · Answer

Wow....thanks guys!  I'm going to get on this one in particular right now!  Anxious to get my first deal done.  Gotta get this ball rolling!  I will update as thing move along....

Mark Elliott · Answer

hi kevin. just so you know, i find some of my best deals like this. the house has probably been owned by a bank. the previous owners/ tenants have long ago moved out. you need to go to the local clerks office and look up any foreclosure papers on the house. that will show you what bank to deal with. the people listed as the owners will still be listed as the owners until the bank fully forecloses. then, they bank may or may not sign onto the house. if it is in foreclosure, you will have to deal with that bank that foreclosed. if it is not in foreclosure, then you will have to find the owners. it is likely they moved somewhere close by. look up their name in the county clerks office or on line if the clreks office has that kind of website, and see if they own any other houses near by. do a whitepages.com search for them as well. i have found more people this way. also, what you may need to know is that a few years ago, the obama administration was restricting banks on the number of foreclosures that they could remarket per year. hence, this lead to banks marketing only the prime foreclosures they had, leaving the " trash" alone for years. eventually, some banks got tired of holding on to their " trash" and just wrote them off by sending a letter to the owners that they were dropping their leins on the house and the owners literally were given back their houses. if this is the case, you would find in the county clerks records a " release of lein" or a " release of mortgage" on the house. now, just because they " gave the house back" to the owners, doesn't mean the owners know. quite often, the owners have moved on and the letter went to the old address, so the owners do not know. this is your chance to find them and offer to buy the house dirt cheap, i mean dirt cheap. i personally have bought 2 houses this way, and i never paid more that $2250 for either one. thats not a misprint, it was $2250. i had to assume the back taxes which were almost $5000, but thats still cheap for a house that was worth $50,000. keep me posted as to what you find on this one.

Jay Hinrichs · Answer

skip tracing  ... lexus nexus the owners of record and figure out where they are living