Foreclosure Listings
Hey guys,
Just sharing a little info. I have been subscribing to a site called www.realestateforeclosures.cc and it has provided with current information on
foreclosure listings. It seems to be be worth the money. At least in my area.
bye 
They get the data from http://www.thecreativeinvestor.com/modules.php?name=NukeWrap&page=http://tcinvestor.foreclosure.com.
I have not been impreased with the data that they have for my area. [ Edited by joel on Date 02/09/2004 ]
I got really excited over what I thought would be a good deal form that site and I wanted to share the info with others but it turns out that the info was old and I missed out on a house that had over 50% equity. Can you recommed any good sites?
thanks
www.Retran.net is the best but only for the lower portion of California. It is not cheap but everything is up on the monitor and thats all you need. Print out your runs and away you go. Inasmuch as it all comes up on monitor you can do mailings or tele calls some have that also. The stuff can be as quick as two days after recording of the Notice of Default. They also call Trustees to check one day prior to sale and they also call Trustees one day after sale if you are REO type person.
I have many sources, most are Classified above Top Secret, you know "Burn Before Reading" I would disclose them to you all secure in the knowledge that its all just paper unless you run them and so far most do not run.
But some of you are on occasion Klutzy and a wrong response or a disclosure of a code and my source dries up. Assessors Office. Bankruptcy Files. Some Probate just starting. Building Permit files (thru an agent in place) Title Company (Master Run Source Grantor Grantee Index). Superior Court Case Files (Agent in place).Trying to expand into Family Law Cases. Of course all credit agencies combined report cost is $8 a run. Some covert into Loan Files of the Major Banks, hard cause they keep selling loans and the service agencies are so screwed up I could do better with Carrier Pigeons.
You can see where the future lies. Best get with it. When the great day comes and you can marry a name and an address with an E.Mail address, we are all home free.
Lucius
How and where can you obtain those $8 combined credit reports? Would they have FICO scores?
Oh wow...
If you think PAYING some website or service for a list of NOD's is going to get you deals you are very MISTAKEN.
First problem with such a concept is COMPETITION!!!!!!!!
Second problem: data is not the MOST up-to-date, hot off the press, current!!
If you want hot NODs go to the courthouse everyday and get them!!!
Whats the difference between a successful investor and failure??
A little EFFORT and some common sense..
Good luck to ya!
Chris,
You can get just about the same info for free from http://www.buybankhomes.com
I agree with cky on websites giving you the info that you need. No nationwide website is going to have it. I have heard of some local ones that were good. Non of them were cheap.
If my area had one that would notify me as soon as a NOD was posted I would pay. But I have not found it.
As for $8 trimerge reports. When I was doing loans I was paying $10 to $18. But I did not have to be in the office. But to sign up with these companies you have to be in the business and most will require that you have an office location.
Here is another site. Tell me of any positive or negative experiences. www.foreclosurefile.com
thanks
I have checked out several of these sites. In most cases they only get a partial list of forclosures. There are many that they are missing. Also, I've found that by the time you get the list, they have already gone back to the bank and are listed with a Realtor. You may find a few deals that way but I've found that going to the courthouse is the best way to keep on top of forclosures. Some of the forclosures on the courthouse list are on the market with a Realtor and you can get into them to scope them out. You may be able to get a deal in the few weeks before it goes back to the bank. If it's not on the market you may be able to contact the seller. I have found most of those sites to be quite inferior and not worth any money. Why pay when the info is free anyway?
Having instant notification of NOD's is not important to me any more.. I get the data within a few days of the filing.
Many times I was the first letter the defaultee received. My letter many times arrived before the offical, certified letter. I took all kinds of telephone flack and abuse because they had the "kill the messanger" mentality. I never bought one house because I was the first.
Once I began to let the NOD age a bit, I began to make purchases and I let some other "early bird" take the hit.