Home Ownership Preparation :: Pre Foreclosure Leads
Pre Foreclosure Leads:
How to Locate Pre Foreclosure Leads
Finding pre foreclosure leads usually means that you can work with the owner and you can get the property at a lower price than you would if you wait until the foreclosure goes through. Most mortgage holders will list default loans in the public records and newspapers giving an address and a description of the property.
These are the pre-foreclosure leads you want. You can further research and get the homeowner’s name from the tax records in the town.
You can also go to a company that lists pre foreclosure leads for a monthly fee. That way the work is done for you. The real estate ads sometimes have the pre foreclosure leads listed too. In a case like this, it is usually a very motivated seller and you would need to move quickly.
Federal Foreclosures
FHA and VA loans pre foreclosure leads are more difficult but can be more profitable in the end. It is best to find a federally approved real estate broker and build a business relationship with them to find your leads. Another way to get the pre foreclosure leads is to simply place ads in the classified sections of newspapers.
Make sure your ad is concise and exact and the word foreclosures are displayed in at least all capital letters so it stands out. People looking for a way out will then contact you to see what you are offering.
A Word on the Online Listings
Online listings can be good for pre foreclosure leads, but you will not be even close to the first person to see them. Online databases get their information from the town records and the only way to get first chance at a property is to go to the town and research the public records.
Besides many of the online services, you do pay a fee for it and if you are not going to be early in the process, why pay for it? It makes much more sense to look for pre foreclosure leads yourself or contact a realtor in the area that handles pre foreclosures and foreclosure listings.
All Articles for Home Ownership Preparation
Learn great tips about how to safely obtain a home mortgage with
Your First Mortgage
Order Online
24 Hours a Day
7 Days a Week
365 Days a Year!
Copyright 2008
Home-Ownership-Preparation.com :: Pre Foreclosure Leads