What’s the best way for me to find pre-foreclosure homeowner’s?
Dec 21, 2009 in
Financial and Loan Tips
covenantglobal
I’m an investor trying to find the best way to locate clients that are not yet in foreclosure?
I’m an investor trying to find the best way to locate clients that are not yet in foreclosure?
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3 comments
drgolfmd on December 23, 2009 at 2:40 pm
Most foreclosure buyers read the newspapers and see who has been served with a notice of default.
I recommend that you advertise on craigslist or other free bulletin board services, offering under financial services, a chance to get out from under the burden of your mortgage.
You can buy their house before they get foreclosed upon, and rent it back at a payment that makes sense for them.
You could then get them into a lease with option to buy agreement, then resell the house to an investor. It could be worth more to an investor with a good lease option agreement in place.
Please IM or e-mail me if you want to kick around any other ideas.
David P on December 26, 2009 at 9:39 pm
they have a PRE-foreclosure section, that you can use to approach homeowners, right when the house becomes in danger of a REAL foreclosure.
i use them all the time, they are very very thorough, and the lists are very accurate, and cheap. it beats going to town hall, even though at its free.
lu_candid on December 27, 2009 at 8:35 pm
A good site I have used is
It has an abundance of pre-foreclosure listings. I prefer preforeclosures myself. They are a little less hostile.