New To The Foreclosure Business
I live in Hampton Roads , Virginia and would like to know the best way to find people in the preforeclosure period. The newspaper ads for trustees sales seems a bit late in the process. I know that going to the county recorder is one way but are there other sources for this part of the state of Virginia?
Thank you.
Try contacting your local county court. Ask if Notices of Default (NODs) have to be recorded as court documents. If the answer is "yes," find out how you can search the new filings; if the answer is "no," try one of the other options below.
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Find out if the County Recorder has data available online. An easy resource to use is www.netronline.com. Simply click on "Property Data Online," select the state you want, then click on the county, and voila! You'll be able to see what (if any) info is available over the Internet through the various real estate-related offices in that county.
Look in the "legal notice" section of the newspaper. Look for properties that are coming up for sale at public auction (sheriff's sale, trustee sale, whatever), jot down the addresses, the property owners' names, and the tax ID, or at least as much info as you can get from the ad.
Go to the County Recorder's office to look up those properties, find the NOD on the title, and see who recorded it; you're looking for a title or abstract company that you can work with. They provide you with a list of the NODs they've recorded, and when you close on any of those deals, use their services for closing ("you scratch my back, I'll scratch yours"
Place a newspaper ad (major daily)
Place an ad in Pennysaver, Thrifty Nickel, Greensheet, etc.
Bandit signs
Contact homeowners who are at least 2 years delinquent on property taxes
Network with professionals, i.e. attorney, CPA, REALTOR
Network with service people, i.e. letter carrier, pool service person, lawn service person, newspaper delivery person, carpet cleaning people, plumbers, etc.
Magnetic car sign
Distribute business cards EVERYWHERE
Career attire (Polo shirt with embroidered "I Buy Houses" logo)
Fliers
Door hangers
Good Luck
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John,
Thank you very much for that information - it makes sense!
For your information www.netronline.com does not provide data for any of the counties in southeastern virginia, nor HomeGain or DataQuick. The only comps that are as recent as one month ago is www.Bargain.com.