Who do I go through to get a Foreclosure home without signing up for all these B.S. sites?
Question:
Answer:
In California all f/c have to be advertised for three consecutive weeks before being sold on the court house steps at an auction. Try looking in the classified section of you largest newspaper.
The best way is to go to a Local Realtor, like Remax, Coldwell Banker, and Etc. Ask them for a current list of Foreclosed homes, they will give it to you for FREE.
I would suggest finding this information in 2 ways:.
1. Go to the HUD website to see houses that are up for sale in your state. Anyone can get a HUD qualified realtor to bid on their behalf for these homes.
2. Some states have this information as a matter of public record so you can research this information at the county courthouse. The toughest part is to contact the individual homeowners to strike a deal. Keep in mind that these people have alot of their plates and are trying to take one day at a time. In addition, they receive tons of calls from people trying to prey on them so you will have to come up with a very good approach.
Experienced real estate investors usually focus on pre-foreclosures and not foreclosures...fyi. Best of luck.
1) check the county in which you want to buy in for a list of foreclosures for that month! (the courthouse can tell you where to acquire one)
2) check the houses you like and are interested in
3) go look at them personally
4) attend foreclosure sale in that county, normally at the courthouse, normally on the 4th or 5th of every month.
5) if price is right on any particular house...buy it!
IMPORTANT-check w/ the courthouse to see if there are any liens on the house! if you buy the house w/ a lien, you buy the lien too!
Hope this helps! Good luck!
BS sites?
If you want the straight info in a very timely fashion you need to visit the public records each day and search for the new Notices Of Default (NOD). Most of the websites that sell info are getting it from the exact same public records.
When you state that you do not know where to start let me suggest the brief write up I put on my blog. That will give you a sense of the foreclosure process and what investment techniques tend to work at each phase.
Buying foreclosures is closer to a business than some expect. This means putting in time and money to search through the possible deals. Even when you have all the info that does not mean the seller will agree to a deal. It is a numbers game with some significant pay-offs when you land a deal.
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