OfflineThe first step in the foreclosure process is a filing of notice of intent to accelerate foreclosure. The period of time that the mortgagor has to respond varies from state to state from a few weeks to a few months. During this time, lenders are often open to negotiation for repayment of the loan to bring it current or otherwise pay off the defaulted amount. One of the more popular ways of doing this is for the owner to find a buyer for the house who will pay off the defaulted amount and satisfy the requirements to stop the foreclosure.
Notices of foreclosure and sale are a matter of public record. A little research at the city courthouse will get you a list of homes that are in the first stages of foreclosure. You can often work out a sale with an owner who would prefer to sell house fast for enough cash to satisfy the mortgagor.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I am so fired up I've found my niche preforclosure lease options. I use 4closurealert.com to find properties in preforclosure then send the owners a nice postcard with a cool picture of the Bend Ore. area. I put out ghost ads on craigslist use hand written bandit signs that say something like 3/2 lease option then my phone number the response has been great. I am modeling my technique on Greg Murphy.
Success be with you!
I am really excited to hear your excitement. It really is fun to find our niche in real estate and have some great success. Please share your success with all of us, so others can learn some of your techniques that have been helpful to you even in your area. Share with us some of your ghost ads and how you tweak them to find the right ad to use. Your techniques will be very helpful for others. Thanks for sharing.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Notices of foreclosure and sale are a matter of public record. A little research at the city courthouse will get you a list of homes that are in the first stages of foreclosure. You can often work out a sale with an owner who would prefer to sell house fast for enough cash to satisfy the mortgagor.
how do i find out about a home in foreclosure. i am looking at one that was dated nov 2009. when i call the attorney office handeling it i get a message. i leave a message asking for any info on whether the home is still in foreclosure or if it has reverted back to bank and never get a return call.how else can i check on this? HELP
Sincerely,
happygolucky
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Go as far as you can see, and when you get there you will see farther.
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Go to the county courthouse to see records on the property. You can do this on line or in person. It will give you who owns it, when it was last sold, year it was built, lots of info from public records. Success be with you! Keith