OfflineI have a question.. how can i find people just before they go into foreclosure. I am trying to assume the property before the banks take it back over. will banks tell me who is behind in payments?? any info here would help. thanks again.
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Life is great when you let it be
Contact your city hall or county records and ask about getting the Notice of Defaults listing.
Banks will not give you info.
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awesome and direct..doing that now
Life is great when you let it be
Karen is right. NOD aka les pendes. Lenders have to file NOD w/city/county b4 foreclosure proceedings.
Here's something I do on cards or flyers:
BEHIND ON PAYMENTS?
Need to Sell?
I Buy Houses
Can Pay Cash
xxx-xxx-xxxx
email/website optional
Be ready to answer the phone
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
AWESOME!! I Greatly appreciate that i have a small deli maybe i can print some cards and place them on counter.
Life is great when you let it be
what do yal recommend as far as not having a buyer? the problem im running into is there are so many defaults that buyers are now being even more picky telling me they simply want more equity etc.etc. this is where i get a little stuck.
as a rule of thumb i have read 65% of arv but buyers are telling me they have too many properties or that they already have plenty of people bringing them houses.
Life is great when you let it be
Tim
Well you wouldnt have to ask the owner if you can put the flyers there. Great Idea!
" Not Having a goal is more feared than not reaching one"
Christa Niven
as a rule of thumb i have read 65% of arv but buyers are telling me they have too many properties or that they already have plenty of people bringing them houses.
Find your end buyers:be creative and put more signs in deli to find buyers- talk to customers-live around here? rent? want to own?
Rent to Own
L/O
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Tim3 maybe you could do a lease option with buyers who cannot qualify for financing(Rent to own). You could rent the properties. I was listening to Nathan Street(One of Dean's coaches) and he said something great. "When you run into a problem while investing, sit down, write down the problem, then below, write twenty ways to fix or get past this problem. This will encourage your entrepreneurial creativity".
Hope that helps!
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee
If you find homes that don't have the equity they're looking for, turn it into a lease option deal like the above post. Every cash investor has different critera for different areas. It's imperative to find out exactly what they're looking for and go after it. The general is 30 to 35% equity or more.
karen i did this and the city simply said they don't have those records .. how can this be ...
1. im trying to find properties that are in default two months or more etc.
2. im also trying to find people behind on taxes
can you help me with this ..
thanks
Life is great when you let it be
Try the local newspapers if the county can't provide the info.
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
hi tim3,
a good way to find nod's is calling a title company and talking to their customer service, ask them to send you the notice of default list, they will usually do this for free for you. when i was an agent i did this all the time. if they won't give it to you ask a realtor to get that for you from any title company. this should work for you.
shah801
this is great info; I never heard of this before...
Learning and progressing every day,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Great information on NOD listing from title companies
and/or realtor. ... Learn something everyday!
Thank you!
There are websites that you can pay to receive foreclosure alerts. We've used them. Does anyone know of a free or low cost website?
Sheila
"If God is for us, who can ever be against us?" Romans 8:31 NLT