NODS Or Courthouse
Hello everyone.
I am new to property investing and have a question.
My title company and the mortgage broker I have been working with keep e-mailing me NODs (Notice of Default) lists. Have any of you found these to be useful? Are they accurate? Is this a viable way of finding properties or am I just spinning my wheels looking a these?
Sure, Notice of detaults are the early stages of foreclosure where a homeowner may need an investors assistance to bail themself out of a possible mess. You probably wont be the first one to have contacted them because these leads are available to everyone from the county courthouse. If you market it correctly, you can land a few good deals and maybe even help a seller out of his/her situation.
Ok bargain76, you got my attention.
I can get most of the property and loan information from my title company right?
But your last comment about a wholesaler… is there a reference on what a wholesaler does? Is it something you can enlighten me to or a great direction to point me in? From the way you wrote that, it sounds like that is the smarter way to go. You know the “work smarter not harder” thing.