How to acquire information on homes preforeclosure and those abandoned. How to contact Owner? Find loan status? Approach to purchase with quit claim deed? Do so without realtor? Any information helpfull.
2007-03-27 12:44:55 · 3 answers · asked by maverick 1 in Business & Finance ➔ Renting & Real Estate
If it is in foreclosure contact the lender. If is still in the process of being foreclosed, go to the owner being foreclosed, they may be willing to bargain to avoid foreclosure on their credit record (assuming they have any equity in the property to bargain).
If it is foreclosed, then the lender is the place to start. Some lenders have contracts with a broker to market foreclosed homes (most likely a local bank will do this). Others, will hold auctions (most likely large national organizations).
If the lender is a smaller local lender you have a much better chance of working a deal!!! They are bankers, not property owners and don't want the expense of maintaining the place so they want it off the books.
2007-03-27 13:50:26 · answer #1 · answered by Roger C 5 · 0⤊ 0⤋
You can google that search, there are a ton of search engines for that criteria. I have a few programs that I use right now. Are you an investor?
Contact me if you need help finding them.
Ngrant@pacifina.com
2007-03-27 12:59:36 · answer #2 · answered by Nathan Grant 2 · 0⤊ 0⤋
You can do the research yourself, or you can find agents who are investors and work with investors in your area. They can get you this information and help you with the process. It is worth it to pay someone who knows what they are talking about, and can help you as you learn the ropes.
2007-03-27 13:20:08 · answer #3 · answered by nolimitsladies.com 2 · 0⤊ 0⤋