http://www.articletrader.com/ Articles at ArticleTrader en-us http://www.articletrader.com/finance/real-estate/the-best-way-to-find-preforeclosure-properties.html http://www.articletrader.com/finance/real-estate/the-best-way-to-find-preforeclosure-properties.html Tue, 29 May 2007 00:00:00 -0500
If you’re going to be a PreForeclosures investor, knowing what new foreclosures are being filed at the county courthouse is very advantageous. It gives you the inside track as to which new foreclosure filings are being recorded in your respective county.

There are many different methods to gathering this data. The first, and most obvious is to go down to your local county courthouse and mine the data yourself. While this method is free, I do not recommend it. It is very time consuming, and if you don’t have any experience, it can be a frustrating and time wasting task.

Fortunately for us, in today’s information age, many county courthouses put their data online. You should visit the website of the county that you’re interested in and find out if they post their public announcements online. If you do find the public announcements online you’ll be able to read the new foreclosures on a daily basis, as they are filed.

Some counties, however, aren’t as Internet savvy as others, and don’t yet post their information online. For these counties, I recommend going to a list provider who gathers such data, and paying for it. There are many businesses out there that are based on going to the county courthouse, gathering new foreclosure filings, putting them into a list format, and then selling that data. Most list companies either email it or fax it to you: some do it daily and others do it weekly.

You’re probably wondering why I would recommend paying for information that is free to the public? The answer is simple: it’s a much better use of your time and energy to outsource this function to a company that specializes in mining this data.

Another method of obtaining this is information is thru a title company. A lot of title companies compile and send out lists of foreclosures for free. While this is a great “free” resource, the data coming from title companies isn’t necessarily the freshest, newest data. While you might not be paying for the information, it’s not very valuable if you’re finding out about a foreclosure that was filed a week or two ago. Chances are those people have been already contacted by a lot of other investors, realtors, mortgage brokers and bankruptcy attorneys offering services to them.

The best way to find preforeclosure homes is to use a list provider. Finding good reliable data is the first step if you want to market to homeowners in foreclosure, and it’s very often worth it to pay someone (or a company) to mine this data for you. Once you’ve developed a system to have this information delivered to you, your marketing becomes a lot easier.




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SaveMeFromForeclosure.com, LLC, provides foreclosure prevention and consultation services helping homeowners stop foreclosure on their properties. The company was launched in 2004 and officially formed in 2006. To learn more about how you can work with http://www.SaveMeFromForeclosure.com please visit http://www.bestforeclosuresystem.com/.



Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/real-estate/help-foreclosure-victims-keep-their-home-and-buy-more-houses.html http://www.articletrader.com/finance/real-estate/help-foreclosure-victims-keep-their-home-and-buy-more-houses.html Mon, 21 May 2007 00:00:00 -0500
How often do you contact preforeclosures and hear homeowners say, “I want to keep my home?” Most of the homeowners you meet have invested most of their hard earned money into purchasing and maintaining their home. Homeownership is the “American Dream.” As an investor, shouldn’t you also be helping homeowners maintain that dream?

Based on years of research, SaveMeFromForeclosure.com has found that 8 out of 10 homeowners facing foreclosure just want to keep their home. So how can you help them? There are many ways you can help individuals save their home and their credit.

First, you can speak to homeowners about the possibility of refinancing. Remember that they need ample time before the foreclosure date, and enough equity in their property to refinance. Credit scores are a large part of getting qualified for a loan, the more payments the homeowner has missed, the more difficult it will be for them to qualify for a loan. The homeowner will also have to come out of pocket to pay for an appraisal and a credit report, at a minimum, with no guarantee of the loan getting closed.

If refinancing isn’t an option you could offer loss mitigation services. This is where you can negotiate with their existing lender to restructure their loan. During this process you will help the homeowner understand their expenses against their income. You will be able to tell the homeowner whether they can realistically afford to keep their home. Once you determine that the homeowner can afford to keep their home you, or a reputable outsourced company, can work to negotiate with their lender on their behalf.

Finally, and as a last resort, you could help the homeowner find a bankruptcy attorney who could determine whether filing bankruptcy would allow the homeowner to stay in their home. You should remind the homeowner that a bankruptcy will be on their permanent financial record, and that you’re not an attorney and therefore can’t give any legal advice.

After you have walked thru these options with homeowners you can determine which course of action could be most effective for keeping their homes. Oftentimes homeowners have reasons to want to get out of their home quickly and avoid a foreclosure with the least amount of work and risk. For these people selling to an investor may be their best option. But by now you have also provided the homeowner with real options for staying in their home.

The last thing you want to be sure to offer the homeowner is advice on improving their credit and assistance in obtaining credit repair services. The number one thing you can do to help homeowners is to help them stop a foreclosure followed by assisting them in getting back on track financially. Poor credit can and will continue to haunt the preforeclosure homeowner until they do something proactively to correct the problem. As an investor you must provide this help in some way or another.




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SaveMeFromForeclosure.com, LLC, provides foreclosure prevention and consultation services helping homeowners stop foreclosure on their properties. The company was launched in 2004 and officially formed in 2006. To learn more about how you can work with http://www.SaveMeFromForeclosure.com please visit http://www.bestforeclosuresystem.com/

Source: http://www.articletrader.com ]]>