"Real Time Data on Foreclosures "
Foreclosure Data Service Providers, such as RealtyTrac, provide (sometimes up to the minute) real time data on foreclosures in any particular area. These service providers are often tied into your local county recorder's office. When a property goes into default, a legal notice is filed for public viewing.
These foreclosure data service people are tied into your local recorder's office so they get this information the minute it gets published and forward the data to you.
It gets better... They take the data regarding the property and merge the homeowner's name, liens on the property, the fair market value (estimated), and sometimes even the homeowner's phone number.
Well, the information is only as good as your local county recorder's office. If they are computerized (most are nowadays) and up-to-date with inputting the data into their system, you can get information that is very current.
No... In some counties (especially the ones that are a little behind the times) your local title / escrow company can be a great source for the data. If you can establish a relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other people like yourself or real estate professionals obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself.
In a nutshell, pre-foreclosures allow investors the opportunity to obtain real estate property at or under market value. If you would like to have foreclosure and power of sale properties sent to you, please use this link to have Foreclosure MLS properties delivered to your email
Use this link to have Power of Sale and Tax Sale properties delivered to your email
(Some area restrictions may apply)
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