I get asked often, where I get my foreclosure list.
These lists consists of either NOD or NTS list. In my experience, I have found these through title companies. Since I get these from the title company, they are regional and do not cover all counties.
Now, to get these lists emailed to you, you need to know someone in the title company or one of their client. Since we are all investors and know at least one or two loan officers, they are a good candidate for us to hit up.
Who are the title companie's clients? They are the loan officers or real estate agents/brokers. This is because they have a good say in which title company a seller or borrower use in a real estate transaction.
This is what I do: I contact a loan agent and ask them if they receive NOD/NTS list from their title company. If they do, I ask them to forward me the email to me. If they do not or they do not know if they can, ask them to call their title rep and ask them for the list.
It is that simple folks. I have never had any loan agent or real estate agent/broker not succeed in this.
Now, you might be asking what the difference is between the list I get from the title company and the list you can get from online source that you pay for. I do not know since I have never used those online services before to get a foreclosure list.
Those sources are a great way for a beginner just starting out to get leads. However, real estate investors should have contact that we can use to obtain these lists very easily.
Hope this helps and Happy New Year!
I will continue to post articles on this blog site. I have been on a hiatus due to the holidays, but I will make sure I post at least one article per week in 2008.
Monday, December 31, 2007
Foreclosure Lists
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Best of luck,
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Michael J. Fitzgerald, CPA/PFS, CFP, MST
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