When you are looking for lists of foreclosure and/or pre-foreclosure
properties, there are many
ways to go about it. Many investors look for these
properties for different reasons. Some want
to buy properties, some want to offer services to the
owner, and others just want to
scam and steal from these
people.
Depending on which of these you are, you would need to look in a
different place. If you are a foreclosure scammer, hopefully you end
up in prison before you get the chance to take anyone's
home or money. If you offer helpful
services, or want to buy a distressed
property, keep reading.
First we'll start with
people who want to purchase foreclosure properties.
The fastest and easiest
method to find a foreclosure
home is by using a local
Realtor. Many Realtors specialize in foreclosure properties and can
assist you find a much better deal than you
might find on your own. The small
price you will pay can easily be justified by
having their experience and knowledge at your fingertips.
If you do not wish to use a Realtor, you should still
use the
information they have available. Many
Realtor websites offer full access to their MLS
system and searching the terms "foreclosure"
and "short sale" will give you plenty of
results.
Another option, when you do not want to
employ a Realtor, is to use your local county
courthouse. Since foreclosures are a matter of public
record, you will have complete access to every
home that has entered the foreclosure
process. With
some research, you can get the
assessed value of the
home, the current owner's name, and you can find
out what they paid for the house.
Most online
websites that offer "foreclosure
lists" simply access these same court
records.
If you are willing to purchase
these records, there are 100's of online
brokers that access court records and credit reports for a
small fee. By paying for this data, you can usually narrow your list down to the exact type of
property you are looking for. In just a few minutes, you could have
100's of properties that fit your exact criteria.
For companies or individuals who want these records
for marketing purposes, they will generally need to get
"pre-foreclosure" data. This is when someone has missed payments, but
has not yet lost their house to foreclosure.
Pre-foreclosure data can also be obtained
from the courts, but for marketing purposes, it's much better to get
this information from credit records. By
doing a simple search for people who have missed payments and are not
able to refinance, you can find as many pre-foreclosure records as you
need. Otherwise, you will need to search the court records for lis
pendens filings.
Lis Pendens lists are listed at every courthouse and this is the
data that is on every marketing list you see for sale on the internet.
If you are facing foreclosure, this is why you are getting so many phone calls and junk mail communications about foreclosure. These companies are
selling your name and info 100's of times a day!
In my opinion, this data should be private and people in foreclosure should be left alone. But since our courts are public, foreclosure
victims don't have a choice. There are many ways to keep this
information private, but generally, the steps to keep it private need
to be taken in advance. Once your info is public, there is no way to
hide it.
Good luck finding your lists, but please don't use this information to
send spam or abuse helpless foreclosure victims!
Author Resource:-
Nick publishes articles for the ForeclosureFish blog. These articles provide information to homeowners dealing with the loss of a home, describing a number of methods they can use to stop foreclosure. The site details numerous options, including mortgage modification, foreclosure loans, deed in lieu, filing bankruptcy, and more. Visit the site to find out more about how foreclosure works: http://www.foreclosurefish.com/
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