Where can I find listings for pre-foreclosures? Foreclosure auctions?

Question

I am going to start investing in foreclosure properties. Where can I find listings for properties that are heading towards a foreclosure, or are already on an auction block?

Answer 1

There are several ways in which you may get a list of pre-foreclosures

#1. Buy a list from a list vendor (Everyone will have the same list)

#2. Go to the county court house, find them yourself and prepare your own list.

#3. Advertise in your local newspaper that youj purchase foreclosures

#4. Direct mail to potential clients (You sometimes get them before others)

#5. Working a farm area passing out flyers on a monthly basis or a newsletter either mailed or passed out. (You sometimes get them before others and they normally recognize your advertisement and trust you more than others because of your constant advertisements in the neighborhood)

Pre-foreclosures are the best to work in my opinion, because you are in direct contact with the person with whom you can help.

If you go to the foreclosure auctions, you have to have all cash or cashier's check to purchase the property.

If a property don't sell at the foreclosure auction I have been able to pick up a few by fiinding out the lender's name writing an offer with few conditions if any along with a check or for 10% down of the offer price. In some instances you are able to pick up a few this way that are returned to the bank as an REO.

You say you are going to start in investing in foreclosures, before spending a lot of time and money into finding the foreclosures, I would invest a little time and money into what make a good deal, what to say to a client as well as how to construct the figures so you will know that you have a deal or not.

I would purchase one of the TV guru's foreclosure package, this will give you the necessary legal forms for your use, they also have scripts you may use once you have a client. They also have the numbers and figures that will tell you if you have a deal or not.

You might also go to your nearest book store and buy a few books on buying and flipping properties. This will give you some other ideas on what to do and how to go about determining a good deal or not. You will find several books that might interest you.

I hope this has been of some service to you, good luck.

"FIGHT ON"

Answer 2

Depends on how serious you want to be and what states you are looking at. I am this particular business and we pay for a list from a company called defaultresearch. Defaultresearch.com They are fairly pricey but one of the best for the states they are in. If you want a broad list that is good but not as fast, try realtytrac.com or foreclosure.com You can also get a free list from some title companies. They do this as a service to their clients. Let me know if you want more info.

Answer 3

In your search engine type in foreclosure home and it will give you a lot of sites to take a look at. That is how we keep finding our houses

Answer 4

Your local Title company!

Answer 5

Hmmm. There are a couple of sites.

I've had the best luck with
http://www.foreclosure.com