Buyers Behind On Payments? - Posted by Scott

Posted by Patrick S. Lawson on April 12, 2006 at 11:48:57:

No public record.
You can buy lists or you can generate your own leads with targeted marketing.

Buyers Behind On Payments? - Posted by Scott

Posted by Scott on April 12, 2006 at 10:16:38:

I know there are different ways to research getting forclosed properties. The first way was to find the property when the bank has it for sale as a forclosure property. The second way was to wait for a demand letter to be sent out about the forclosure. I am looking for a third way I heard someone talking about at a seminar. It was basically finding people 2-3 months behind on there payments. This would be the stage before the letter of default. Does anyone know what kind of records you can search to find out when people are 60-90 days late on mortgage payments?

thats alot of people! - Posted by lukeNC

Posted by lukeNC on April 12, 2006 at 20:58:06:

Times are hard these days, alot of people could be 2 to 3 months behind and still keep their house.

I’d concentrate on the ones which were behind AND being winterized or locked up.

I’ve got a guy who handled property preservations for chase, emc, and a few others in my area. He faxes his lists to me for $50 a month.

Nothing like abandoned pre-foreclosures to get things going.

Re: Buyers Behind On Payments? - Posted by Joe Kaiser

Posted by Joe Kaiser on April 12, 2006 at 18:40:55:

There are all kinds of ways to figure out who is behind in payments
before anything is ever recorded or filed.

Mortgage Field reps interview delinquent borrowers and are hired by
lenders nationwide . . .

Other companies are hired by lenders to secure properties they have
loans against that have been left vacant by borrowers who can no
longer be found . . .

Process servers know of all kinds of things happening in the real estate
marketplace . . .

Pretty much the basis to my course, Totally Dominate Your Foreclosure
Marketplace. Getting their first and being the only guy in town who
knows what’s going down.

Now, that’s my idea of a good time.