Locating The Contact Person For A Vacant House?
I was riding around last weekend looking at houses in a particular neighborhood and found one that appears to be vacant. The mortgage holder is Citimortgage and I was trying to figure out a way to contact them to see if they are willing or able to deal on the property? Just curious what you guys thought the best way to proceed might be?
Go their website and see if it is on their REO website yet. They will give it to an agent to sell. Sometimes it can take a couple months or more to make it to the MLS.
Thanks for the info. I will try to track down the owner and see what they are working with.
it seems those are manageable risks..
Maybe I am fooling myself.
O, btw.. i think 2-3% is reasonable
outside the box, I have been thinking about this. Get my lender license ,a hit up a couple high net worth people that have there $$ in a 3% (p.a.) CDs.
take 3% (more for morecomplecated or longer) split 50/50
With more and more short and title ttle escrow rules, is there an opportunity[ Edited by cjmazur on Date 02/16/2009 ]
What part of the country are you looking in? There are places to look for HUD and VA online. BidSelect is one of the major sites. Realtors have total access to bank owned property.
are you looking for foreclosed (REO) or preforeclosure?
Pretty much every bank has a website that lists their REOs and there are broker that specialize on REOs, so they will have them on the MLS.
wrt Pre-foreclosures there are several pay sources that are (IMHO) crap! www.forclosure.com, realtytrac, etc.
Realquest is good. there also is a dataquick product that I would expect to be good.
If you have a relationship w/ a title company, many product a pdf weekly of Notice of defaults, notice of trustee sale, and REOs.
do you know who the owner of that blog is?
I like to network and add to that list. PM me w/ his info.
You can get free foreclosure and MLS listings for any area of the USA emailed to your inbox at http://www.freeforeclosurelists.info
These are Realtor listings and completely free, not some "free trial"
(You can also get some free software and real estate form templates there too!)
_________________
Free Foreclosure Listings[ Edited by freeforeclosurelists on Date 02/15/2009 ]
reo, pre-foreclosure, and foreclosure data you get for free is worth what you pay for it.
I found from many sorces 99% crap. wrong data, data, listed as REO, when it was bought by an investor, etc.
I would have the agent provide one. unpaid taxes, utility liens, are not uncommon.
thank you, cjmazur.
Rickygib1,
Glad to meet you.
You will need permission from the Bankruptcy Trustee to purchase the property since the Bankruptcy has not been discharged.
John $Cash$ Locke
[addsig]
given the original facts, why do you say the BK has not been discharged?
and if they are operating under a plan, what does discharge have to do with it?
We are self-insured on all of our flip properties. Over 50 properties at last count.
We do obtain liability and property damage insurance on rental properties.
[addsig]
That quote is inline with my premium. Dwelling limit is 160k, 100k liability ea. person., medical, vandalism all included. My insurance broker is writing this with American Modern Home Insurance Co. Premium $415 for 3 months, 1 month minimum and prorated thereafter if cancelled prior to end of term.
ic
That quote is inline with my premium. Dwelling limit is 160k, 100k liability ea. person., medical, vandalism all included. My insurance broker is writing this with American Modern Home Insurance Co. Premium $415 for 3 months, 1 month minimum and prorated thereafter if cancelled prior to end of term.
ic
On one of my rehabs my agent had to write my ins with Foremost, (high rates) , but only during the rehab, then I changed it to a landlord policy with Farmers Group. I am now changing some to Shelter Ins, cheaper rates.