OfflineI live in North Carolina and I went to my towns courthouse; where I found plenty of forelosures. I didnt find any pre-foreclosures, so I went to the clerk of court and asked for pre-forecosures; I was rudly told "we only have whats in the books sir". I then went back to the book with the foreclosures in it. I noticed that some of these peoples hearings were not for a month or two are these the pre-foreclosures that I am looking for or is there some other method I am not aware of. Please help.
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nycadomo,
Use Dean's Foreclosure Finder. Now I have used this and if you put in for pre foreclosures it sometimes is already in foreclosure. I have asked about this but have had no response from anyone on this site.
If you haven't used it. Go to Other Resources on the side of the page and I believe it is under websites. Good luck.
you can find preforeclosures thru the county records. These are considered preforeclosures until they go to Sheriffs sale. You need to allow enough time to either do a short sale or buy the home from the owner before it goes to the sale.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I would talk to several title companies and see what information they can give you in the pre-forclosure market.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
they are one and the same thing. The foreclosure process starts with a filing of a preforeclosure against a property. Each state has a time period that will run. during that preforeclosure period there may be an opportunity to do a short sale if that is what the owner wants to do. The preforeclosures can be found at your county records.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
To my understanding... a preforeclosure is not the same as a foreclosure. If a house has been foreclosed on then the bank owns the property. In preforeclosure, the homeowner still owns the house. When a homeowner is more than 3 payments behind on their mortgage, the bank will file a "Notice of Default" or NOD. Depending on your state, the homeowner usually has approx. 90 days to get their arrears current. If they don't then the bank will foreclose on the house taking it back from the homeowner. Short sales take place when an owner admits they can't pay for the house, and they're willing to work with the bank to get the house off their name. In CA. some short sales are on the market for 6 months before the bank finalizes the foreclosure. Nycadorno try asking your county records for "Notice of Defaults" and see if they give you a better response. Otherwise, I recommend trying Dean's Foreclosure Finder. You can do a $1 14 day trial. NOD's are great if you can catch the homeowner within the first week or two before they start working with their banks. Sometimes, you can get NOD listings early enough where the homeowner hasn't even received their NOD personally. This can be a great way for the early bird to catch the worm.
Good luck...
Kim
This is my first time visiting the web site,and i would like to get started investing.
Welcome to the site! I know you can do wonderful things. You've already taken the first step. Now all the other steps will be a breeze!
Good luck.
in your first post, what joe was trying to say was actually correct; i'm not trying to confuse anyone but, a Foreclosure has 3 stages to it, pre-foreclosure, foreclosure, REO, period. so, the book you were actually reading IS what you are looking for, they INDEED are PRE-FORCLOSURES!, if the bank hasen't FORECLOSED on the property yet it's a PRE-FORECLOSURE
YOUR HERO, SULLY
hello, how can i start with my first deal with no money or , and bad credit? where do i start? here in topeka, kansas, they do not have any rei clubs around, i asked several realtors, they acted like i was speaking chinese. where do i start, i am very motivated.
thanks, kevin