What are other sources to find real estate foreclosures to buy?

Question

Are obituaries a good source?

Answer 1

Obituaries may provide a lead to real estate for that may go up for sale, but not at foreclosure rates.

It would be better to enquire about foreclosed property at your local banks. They will be more than happy to provide you a list of available property as that is their money tied up not earning additional money for the bank.

Answer 2

Obituaries are not a good place to locate freclosures, however if you are into probates this is a very good place to start.

There are several things you need to know when flipping properties.

First of all you should go to the nearest book store, purchase several books on buying, fixing and flipping properties. There are several that you might be interested in.

Once or while you are doing this you should buy one of the TV guru's distressed property programs. These programs will give you some legal forms you might use when writing an offer to purchase a property. You will also find several scripts to use in taking to your potential clients. The also give you tips and a formula on how to figure if you have a property that you can make money from before buying.

If you are without funds to accomplish this business, you will have to find some investors that will assist you. You will have to make a deal with them about a certain percentage of the profits made from the sale of the property.

Normally this is 50/50 however it could be more or less depending on how your relationship is with the investor.

Now you have to determine how you are gonna market yourself to get.

#1 You can purchase a pre-foreclosure list from a list broker (Join the crowd most do this and mail letters to the person that is in foreclosure)

#2 You can advertise in your local paper that you are in the business of purchasing foreclosures.

#3 You can do a direct mail to people in your city stating that you are now in the foreclosure business.

#4 You can select an area of your city that you want to work and target your that area with your energy. You can walk the area pass out flyers that you are now in the business of buying property distressed, divorced and foreclosures as well as probate property.

Pass out these flyers for at least 2-3 months after which you should go to a newsletter of some sort while still explaining that you purchase properties.

After passing out the flyers for 2-3 months you should follow that up with a newsletter to the same area. Check with the post office and inquire about a bulk mailing stamp. This is a more economical way of mailing business matter.

You will want to form a professional team to assist you in your new career field, which should be composed of but not limited to an attorney, cpa, tax preparer, notary public, title rep, real estate agent and others that you feel will make you successful.

They should pass out your business card to their clients that need your services and you should pass out their cards to your clients that need their services

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

"FIGHT ON"

Answer 3

Read the paper for county listings and visit county offices for foreclosure lists.
If you want to spend money, there are on-line sites that list all foreclosures in various states and counties but they are not always accurate or up to date.
Obituaries aren't going to do you much good because people usually have wills and children/family who they leave their estates to. Even if they don't, that doesn't mean that their properties would be forclosed on.
Good luck.

Answer 4

talk with a Hud certified agent in your area, http://www.hud.gov/homes/index.cfm
click on your state, then click "find a hud registered agent"

Answer 5

DEA.