Preforeclosure Mini Course Day 4
Day 4 : County Clerk Office - Mining For Gold For FREE
When you are hungary, where do you go?
You go to a restaurant, right, because that's where the food is.
When you want foreclosure deals, where do you go?
You go to where the pre-foreclosure deals are happening , that is your county clerks office.
Now here is the big secret about county clerks office. That what the pros know and the new real estate investors don't.
County Clerks Office and the people who work there are public servants. Meaning they get paid from the taxes you and me pay.
They are supposed to help you. All the information you want on a house, is FREE under the Freedom of Information Act and is public knowledge.
I used to hang around my county office one day a week for two hour just playing on the computer systems and pulling information on homeowners in pre-foreclosures.
3 Things You Need To do , very easily, for FREE :
1. Walk into a county clerks office, go to Registrar of Deeds room and ask the nice person behind the counter to help you find some information about a property.
2. They are going to take you by hand to their computer terminals, log you in and show you how to use it.
3. Whip out the list of addresses that you made from the Legal Newspaper, start punching them in, one by one. In half an hour you will know how much they owe on their homes, 1 mortgagee or 2 mortgages and most importantly the names of the banks who are holding the liens.
Now lets recap what we have gathered so far from nothing:
We have a list of homeowners who just went into pre-foreclosures.
We know their addresses, amount of money owed and who do they owe this money to.
We have pinpointed cities that we want to operate.
We have done research at realtor.com to get a price range of what 3/4 bedrooms are going for in those towns.
Day 5 : Launch Your Marketing System