success with the local county webpage. Its give the most up to date information on local pre forclosures.....My question is, what is the best way to contact these individuals, going through foreclosure to inspect the property and make an offer? I am not sure I want to call these people, it may be a bit intrusive, how can I get them to contact me? Thanks!
2006-08-20 08:21:15 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You can always hire a real estate agent to go to the house if you aren't really in a big hurry to be thrown off the property or you're not quite sure how to go thru the procedure. Just make sure they know how to deal with foreclosures and bank owned transactions, etc. Most agents consider foreclosures to be beneath them in terms of the time and expense involved. If they are investors themselves - they'd be more interested in helping you as that's their business anyways. make them sign a non-compete contract, that way you feel better about disclosing the info. they'll probably have you sign a buyers representation contract, so they are protected from getting cut out of the deal as well.
ALL realtors are not the same go with someone that is reputable -knows their business, doesn't just talk the talk or end up swindling you out of your money!!!
Make sure they are licensed & in good standing!!! check the state licensing web page. I represent north east chicagoland in Illinois- Part of the things I do as a loss mitigator for lenders is knock on doors and talk to borrowers about talking to their lenders to put them back on track-some cases they need to sell and some cases they can use an investor -if you'd like a referral to another broker in your area that does the same thing visit my web site and then click on contactus page to make a request and I'll see that you get someone that can help you in your area.
2006-08-20 09:12:46 · answer #1 · answered by loosenutbehindthecomputer! 2 · 0⤊ 0⤋
Not an expert on this but I don't think you can access the property until all the legal stuff is done by the bank. When they take ownership of the property, then you can see it.
It seems that if the bank is in the "process of foreclosure" then it's too late to make an offer to the individuals in the house because they've already lost control of it.
2006-08-20 15:33:17 · answer #2 · answered by Lucianna 6 · 0⤊ 0⤋
It's nice that you want to be polite but that won't get you what you want. Go there and knock on their doors (take someone with you). Let them decide if it is intrusive. If you do this 10 times at 10 different properties you will get 10 unique reactions. It's a numbers game, keep knocking on doors. Lose your worry.
2006-08-20 15:42:33 · answer #3 · answered by QDK 2 · 0⤊ 0⤋
You can advertise in the newspapers, put signs on street corners, or send letters/flyers and hope that the people in pre-foreclosure call you. Better yet, eat some Wheaties and call them. Trust me, if you found them, other investors found them too and the other investors are calling...
Rick Lanicek
www.primelendingonline.com
2006-08-20 15:30:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Direct mail or knock on their door.
2006-08-20 18:14:14 · answer #5 · answered by stevemorbitzer 2 · 0⤊ 0⤋
calling me a moron will not get you best answer in my question about cats.. thanks for answering though
sorry I cant answer your question just taking my dog for a walk
2006-08-21 01:28:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
http://www.unclaimedhouses.com
2006-08-20 19:07:06 · answer #7 · answered by Piffle 4 · 0⤊ 0⤋