How to Get a Free Foreclosure List
For more great Foreclosure Investing secrets from Jason Loucks and a FREE CD on how you can start profiting from Foreclosures, Preforeclosures, Short Sales, and REO’s for yourself, go now to: http://www.PreforeclosureFortune.Com
You’re probably wondering how you can get your hands on a free foreclosure list. Lots of people- agents, title companies, Mortgage Brokers- will try to tempt you with an offer of a free foreclosure list.
But don’t fall for it- it’s public information, and it’s free if you obtain it from your local library or public records department.
Once you’ve got the list, you can easily go through and figure out which properties are worth the investment, which ones you should stay away from, and develop your own strategy for taking over the foreclosure world.
Getting involved in foreclosures is easier than many people think. Even if you don’t have a lot to invest, you can still turn a profit in this market if you know what you’re doing.
The free foreclosure list will list all the homes by county, city, and price. You will get a chance to see what properties are available, why they are available, and how much they’re going for.
You need to find a good online comps program or valuation tool so that you can compare actual values to what the home is estimated to be worth. I like Zillow.com.
When you find anything less than 80% of market value, you need to check it out. Make sure that you especially check out small liens (less than $20,000) and anything that is vacant, because buying those homes will guarantee better profits and easier processes.
If you ‘ re willing to pay for the service, some online websites will offer to send you daily, weekly, or monthly updates right to your email inbox. This saves you the hassle of going out and getting the leads yourself.
Get to know your foreclosure list and learn how to use it to your advantage. It’s reprinted every month in most places, and you can keep up with the changes by getting a new list every time that it becomes available.
This list will be able to tell you who is the most motivated, based on the details of their properties. Whoever is getting closer to auction is going to be more likely to take a deal just to get out of the mess, so keep that in mind.
The free foreclosure list will allow you to market to everyone in your area that is headed for the auction block, so that you have the best chances of making great deals. You can even use the list to go directly to the lender for a short sale, a back-end purchase, or to purchase REO properties.
So check your local Public record online or offline, and ask around at your local main branch library. You may be able to get a leg up on the competition, all for free!
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