Question About Foreclosure/Pre-Foreclosure
If I have a listing of Foreclosures that are goin up to auction at "X" date, does this mean that it is too late to save it from Foreclosing? Or, is this the perfect time to speak to the owners about helping them regarding their situation? One of the listings includes the Lending Institution as well as the Legal Representation...For the bank. Is this the type of information I want to use to search out potential opps?
Your help is greatly appreciated.
This Forum has been a huge help in my early stages...thank you all.
Ideally, you'll have some time from when you get the 'list' to the scheduled Sale date. During that period of time with an eye on the foreclosure timeclock you should initiate contact with the Owner, gather data, and, if a deal is feasible, make your pitch.[ Edited by TheShortSalePro on Date 04/28/2004 ]
The "list" comes out daily until the time of the auction...First Tuesday of each month in Atlanta. Sooo... the answer is yes??? the foreclosure list is a good reference to use for contacting owners before the property actually goes in to the foreclosure process. Perhaps a better way to phrase the question is...are these lists notices of properties that are GOING to Foreclose (pre-foreclosure), not lists of properties that have already foreclosed (too late to discuss with property owner)??? Is that correct???
Thanks in advance for any response!
cb