Networking W/ Attorneys For Leads?

I am looking for additional ways to generate leads for pre-foreclosed properties. One of my strenghts is networking and building relationships very quickly.

I am wondering if it makes sense to build relationships with the attorneys that handle the pre-foreclosed properties. And if so, what is the value add that I can provide to them so that they will want to feed me leads.

Thank you very much.

Comments(5)

  • JohnMerchant7th November, 2003

    "I am wondering if it makes sense to build relationships with the attorneys that handle the pre-foreclosed properties. And if so, what is the value add that I can provide to them so that they will want to feed me leads.k"

    While it could sure pay you to build relatioships with lawyers, any lawyer involved in a foreclosure, who is also the trustee in that foreclosure, CANNOT legally or ethically give anybody any info on it, except the bare-bones info on when & where the sale is, the name & # of the beneficiary/payee, balance due, etc.

    He/she absolutely cannot give anybody any info that might favor them personally...the word "trustee" here really carries a world of fiduciary responsibility, and the trustee is walking a very fine line in his responsibilities to the lender, the buyer who's being foreclosed, etc.

    A recent State of WA Supreme Court decision really nailed and blasted a trustee & his realtor partner who were playing all kinds of games with RE being foreclosed, in order to try to capitalize, themselves, on these REOs.

  • csilvestri7th November, 2003

    Got it! Thanks for the information... So, does anyone have good ideas for what type of relationships (besides realtors) I could build to generate new leads for my business?

  • dare20037th November, 2003

    How about someone who works in the tax dept.?

    Or even in the foreclosure dept in a bank?
    [addsig]

  • jfoley7th November, 2003

    You don't need the lawyers to give you a person's info. You need him to present YOU as an option to his clients. This way they'll call you. The lawyer will probably want compensation and I do not know if this legal in every state. I believe this could be a strong lead source if approached correctly.

  • csilvestri8th November, 2003

    Looks like there is differing opinions on whether it is possible to work with attorneys for leads. Anyone else have an opinion on this subject.

    I like the bank idea. What is the title of the person to build a relationship with at the bank. Is it loss mitigation or someone else?

    Thanks!

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