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Foreclosure Listings 5 Tips To Finding Them Before Your Competition Does



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span                            home.

                         
class="cap">Everyon     

2. Foreclosure Listing         
e is looking for a              Services

                      
oreclosure “deal” these days –        

There is no shortage of        
and there’s lots to choose from       foreclosure listing services      
these days, but be careful… just      available on the Internet. Make   
because a property is in              sure to do some homework before   
foreclosure, doesn’t necessarily      subscribing, however as the       
mean it’s a “deal”. In fact,          quality of each service can vary  
nowadays, it takes more time to       greatly. Find out where they get  
sift through the leads to find        their information, how frequently 
the really good opportunities         the data is added, and when/if    
within the foreclosure market.        they clean out or update existing 
The more potential foreclosure        data so that you’re not wasting   
properties you have to sift           time or money on old leads or     
through, the higher your chances      false information.

            
are for finding a deal.

           

3. Realtors®

               

The top 5 ways to finding          

Realtors® often have access to 
foreclosures are:

                 foreclosure deals well before the 

1. Bandit Signs

                homeowner has even started the    

Bandit signs are plain white       formal foreclosure process with   
or yellow corrugated signs with       the bank. When selecting an agent 
metal stands that stick into the      to work with, make sure that      
ground. You can find preprinted       he/she knows the foreclosure      
signs or you can buy plain signs      process, how to negotiate with    
and handwrite your message on the     the banks, and how to handle      
signs. Place them on corners of       often stressful situations that   
busy intersections or in              arise when a homeowner is faced   
neighborhoods in which you want       with foreclosure.

             
to purchase a foreclosure             

4. Courthouse

              



If you’re feeling ambitious,       seller’s situation doesn’t allow  
consider going down to the            him/her to work anything out with 
courthouse and looking up the         the bank (i.e. divorce, job loss, 
foreclosure records. You will be      illness, etc.). Often, these same 
able to access all of the lien        sellers find themselves facing    
information, assessed value, etc.     foreclosure several months later  
The attorney handling the case on     or are simply unable to work      
behalf of the bank will be listed     something out with the lender,    
as well. You will be looking for      thus need someone to come in and  
“Notices of Default” or the “Lis      buy the home outright or          
Pendens” records. If it’s your        negotiate a short sale with the   
first time going to the               bank.

                         
courthouse, ask the clerks or the     

These are the 5 easiest ways   
employees that are working there      that you can find foreclosure     
to point you in the right             deals. If you are truly looking   
direction and use their knowledge     to get your hands on a great deal 
to learn more about the               for yourself, or if you are an    
foreclosure process.

              investor looking to make a        

5. Loss Mitigation                 business out of foreclosures and  
Specialists

                       short sales, it’s important to    

You may or may not have hear       use as many of these techniques – 
of a loss mitigation specialist.      and more – to find motivated      
A loss mitigation specialist’s        foreclosure                       
goal is to help the homeowner         sellers.

stay in the home and work out         d>About the                    
their situation with the bank.        Author
Many times, they are able to work     id="authorbio"                    
with the bank on behalf of the        class="membersnoticewhite">Heathe 
homeowner. However, there are         r Seitz specializes in teaching   
also many instances where the         real people how to invest in real 



estate and make $10,000 to            title="http://www.findingforeclos 
$25,000+ (or more) per month. To      uredeals.com"                     
get instant access to her most        target="_blank">profitable foreclosure marketing      color="#001000"                   
campaigns, strategies, tools, and     size="-2">http://www.findingforec 
resources, visit: .
 
href="http://www.findingforeclosu     
            
redeals.com"                          




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