Posted by Tim on December 21, 2000 at 14:35:30:
I have yet to see a decent preforeclosure program. Be very careful with preforclosures. The owners rights are a lot different before the sale. And in some states like Colorado they have rights after the sale. You shouldn’t go through your first one without an attorney.
Finding them is quite easy and I really don’t think you should waste money on a course. I have a little classified ad, a network of mortgage brokers, realtors, and bankruptcy attornies. I also get Notice of Defaults (N.O.S.'s) emailed to me every week from the different counties in my state. I can’t even keep up with the calls and email.
You can learn and get the paperwork from fannie mae and freddie mac’s web site. Shorts are not easy for a “newbie” they won’t take you serious. So be professional and send them the forms I just told you about.
What you need to focus on is… How are you going to solve thier problem? If you can answer that question and make a profit, you’ve answered the magic question.
I really hope Ed puts together a program, but I have been approached by several of the “infomercial gurus” to buy the rights to my program. If I can find a “guru” who’s program I can actually feel comfortable endorsing I may go that route. If not, I have been pesetered for years my clients, investors, etc. to sell my own. I’ve even had special software written for me. I am considering both.
I hope this helps even a little.