This strategy is very effective for finding deals that are headed toward foreclosure but are not on the foreclosure list yet. This is pre-default marketing and in my area, there is only one other company using this strategy other than me !!! (Hint: no competition)
One of the ways you can locate properties that are not in foreclosure but they are headed there is to find the properties that are behind on taxes. If the property owner is behind on taxes, they will need to sell the property. They are motivated.
Here’s what you need to do:
1.
Some counties have an area where you can sign up to be notified when their new tax lien certificates have been posted.
Some people teach you to go buy the tax lien certificate from the county and try to foreclosure on it. Don’t do that. It rarely ever works and here’s why:
When the county forecloses on a property for taxes, all of the lien holders need to be notified by LAW.
(Note: this is why most investors do not target this list. Because it is not easily accessible. This gives us an advantage because most people are not willing to go the extra step.)
You will go the extra step because these leads are a gold mine, not just for luxury homes but for financially distressed commercial properties too!
This research stuff is not the best use of your time. Do you think I actually do this grunt work myself? No, I have one of my assistants or a virtual assistant do it for me.
Here are a few resources where you can hire a virtual assistant for next to nothing.
3.
D.C.
P.S. If you’d like more FREE information on finding foreclosure properties,
P.S. I like comments so post yours below and tell me what you liked best about today’s free marketing strategy.
This strategy is very effective for finding deals that are headed toward foreclosure but are not on the foreclosure list yet. This is pre-default marketing and in my area, there is only one other company using this strategy other than me !!! (Hint: no competition)
One of the ways you can locate properties that are not in foreclosure but they are headed there is to find the properties that are behind on taxes. If the property owner is behind on taxes, they will need to sell the property. They are motivated.
Here’s what you need to do:
1.
Contact your county’s tax assessor office and request a list of their tax lien certificates. This will show property owners that are behind on their taxes. Most counties are online now and you can get this info from easily downloading it from their website.
Some counties have an area where you can sign up to be notified when their new tax lien certificates have been posted.
Some people teach you to go buy the tax lien certificate from the county and try to foreclosure on it. Don’t do that. It rarely ever works and here’s why:
When the county forecloses on a property for taxes, all of the lien holders need to be notified by LAW.
When the mortgage company gets this notification, they will opt to pay off the taxes so their mortgage will not get foreclosed off the property. This is because a Tax Lien is a super lien.
I just got an email from one a tax office in my area. This is what it looks like:
******************************************************************
Registration and bidding is now open for the Seminole County Supplemental Tax Lien Auction.
This supplemental sale will be conducted in the same manner as our regular tax lien sales and will be open for participants to register, research and bid through the close of the sale – March 23, 2009.
Additional information is available on the sale website – www.seminoletaxsale.com. Thanks for your continued interest in the auction.
Best regards,
Seminole County Tax Collector and Realauction
****************************************************************
2.
If the address info is not on the tax lien info you download, you may need to match up the parcel id number with the property address, owner’s contact info and property type. You can cross reference this from the counties online public records.
(Note: this is why most investors do not target this list. Because it is not easily accessible. This gives us an advantage because most people are not willing to go the extra step.)
You will go the extra step because these leads are a gold mine, not just for luxury homes but for financially distressed commercial properties too!
This research stuff is not the best use of your time. Do you think I actually do this grunt work myself? No, I have one of my assistants or a virtual assistant do it for me.
Here are a few resources where you can hire a virtual assistant for next to nothing.
3.
After you get the list compiled, send out a letter or postcard to all of the properties you are interested in. I send to properties over 500K and to all commercial properties.
Have fun and make a ton of money!
D.C.
P.S. If you’d like more FREE information on finding foreclosure properties,
P.S. I like comments so post yours below and tell me what you liked best about today’s free marketing strategy.
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10 users responded in this post
Hi D.C.
Great advice! I’ve read that every state has their own laws and the fact that investors can make a good return on their investment.
I will take your advice and email you with an update.
Keep up the good work!
PacWest Aquisitions
Thank you DC for always going out of your way just to give back, I’m a Bird Dog/Property Locator out in San Diego Ca., I work with a Short Sale Investor and were always looking for ways to find leads, based on this one tip it looks like you’ve saved me a ton of time, currently I’m emailing and faxing Realtors which is taking all of my time and energy, I will be checking into virtual assistants immediately, take care.
My daughter just got some postings on the internet
from her county tax assesors office. She was going
to go to the auction, but in the morning before
leaving she checked the website again and the
properties where resinded and so she didn’t go.
But, she is looking forward to other upcoming
counties that will be holding auctions.
My question is, if you get a list and are interested in a property, I believe I heard you
can pay for the tax lien and the property owners
will owe you and if they can’t pay, you’ll be
earning interest on the lien certificate? Is this
true? Thanks for the great information on tax liens.-Rosemarie
Thanks, DC
I thought the information was timely and right on point. There’s a lot of money to be made, in today’s market, with Short Sales.
I especially like the information on how to get the “grunt” work done for you using a virtual assistant.
Thanks again, DC, you’re the best!
Hi DC
This is incredible stuff. Thank you for giving such valuable information!
I’m new to the business and am wondering how to do all this stuff. Ya know. . . actually make some money (what I mean is how to get a house under contract and how to sell it to someone to make money.
Thank you for the insight.
DC that was an awesome tip. Great way to find pre-foreclosures with little or no competition. I will start doing it immediately in my area.
I’m a wholesaler and I handle short sales, so this will be a big help.
Thanks again.
D. C
Thank you for this awesome and exciting information I will act on this immediately.
Hey D.C.,
Good stuff! I will put as much of this to use as I can.
Thanks.
What can you suggest to find investment buyers? I have found loads of properties I just need the buyers
Greatings, Thank you! I would now go on this blog every day!
Rufor
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