Finding Foreclosures...help Me Please!
I am really wanting to start purchasing pre-and foreclosures. However, I'm not sure the best way to find them. Could you experienced investors tell me how to find these deals? I'm not sure all the different ways! I know that I can go to courthouses ect. and place ads but what else?
thanks!
Not to sound rude, but, why don't you start by doing exactly that... going to the courthouse and placing ads. That's been effective for me so far and I'm new. I have a deal under contract, and I'll have a second on Saturday. One was a referral, and the second I found thought the courthouse.
Take action and worry about the deatails later.... as long as you're taking a calculated risk.
Depending on which state your in, depends on where to look. People have told me to check the courthouses and what have you. Massachusetts, However, is a non-judicial state. I get 3 papers every morning, and check the Legal Notices for The " Notice of Mortgagee's sale of Real Estate" Those tell you whats going to auction and when. I usually map out a route everynight, and go knock on doors.
in maryland foreclosure filings are public record. you can go to courthouse and pull by date can even print off computer while ****Must Reach Freshman Investor status before posting URL's*** once or twice a week and pull any new filings.be nice to clerks (i'm computer illiterate) and they're very helpful.big smiles,lots of thank you and a box of donuts once in a while goes a long way.send letters to all.do research,tax records,comps,etc.all free on line thru internet. target most likely and go knock on doors (best results) most are wary but not ****Must Reach Freshman Investor status before posting URL's***d lessons on life and people can be learned.work,work and work some more
most important be ****Must Reach Freshman Investor status before posting URL's***here is a learning curve.don't give up,and dont be impatient.wait for the right ****Must Reach Freshman Investor status before posting URL's***he wrong one can end your career quickly.
I usually go to www.foreclosure.com, that is where I go first. But on Friday afternoon, I went into the HUD website and found a brick duplex, I sent someone to go check the inside on Friday afternoon. I placed a bid on Friday night and it was accepted yesterday(monday). I signed the contract today. There were so many houses I couldn't believe it. It's even free!!! Just click on your state, then city, and keep narrowing it down. I don't know what kind of city you live in, but the website's free. Take a look you might find something you like!!!!!!!!!!!!
Happy house hunting
Lori
[addsig]
Thanks to all of you! I'm learning so much from this site!
From my experience the least effective way to find pre-forelcosures are through lists and websites. By the time you get them they are already old news. You have to find these people when the problem happens. Right when a homeowner is starting to have problems. You increase your chances by 100%. Direct advertising to your target market is the best way. Use signs, fliers, and ads. That's all you need. Try all three but find the one that works the best. Before you put out signs check with your town or county to make sure that you won't get find for posting them.