By far the most essential step in the short sale process is finding motivated sellers.
in pre-seizure. If you can’t find motivated sellers before foreclosure, it will be
Be very difficult to make short sales.

I’ll share with you some of my secrets to finding motivated sellers and you just
It is necessary to choose 3 or 4 of them to wear that fit your style. The idea behind this is
maintain a steady stream of pre-foreclosure contacts: potential homeowners who need
your help and experience.

There are several ways to find motivated owners. newspapers, advertisements,
labels, courts, attorneys, just to mention a few. Look, when a homeowner is
delinquent on your mortgage, a legal notice or notice of default must be sent to the
owner to let you know that your property is coming up for auction soon. Ounce
legal notice has been registered, you can go to court and investigate these
files to find delinquent owners. These legal notices are published weekly,
sometimes every day in court. This will be the first place to look. Go down to
county courthouse and ask to speak to the clerk of courts. then ask him
where judicial notices or notices of foreclosure or lis pendens are published.
Depending on what state you live in, they may call it something different. If you
can’t get any response, then go to the registry office. Any legal action must be
Recorded. You are looking for notices showing that owners have breached a
loan and now they are trying to collect the debt. Once you find them, be sure to
do not remove any of these notices or files from the building, just ask them if you can
make copies.

Before you leave, ask the clerk or recorder if there is a county website or newspaper
that publishes all the legal notices so that you save time by simply consulting them in
your computer. Most newspapers have a website with everything in them – yes, even
legal notices. Let me clarify one thing. Ideally, you are trying to find owners
that are 90 days from the auction because this gives you more time to negotiate a
short sale with the bank. Each state is required to notify the public, usually by
newspaper, that there will be a foreclosure auction on this or that property
between 3 and 5 weeks before the auction. So keep in mind that if you find
legal notices in a newspaper, the auction is only 3-5 weeks away. you must act
very quickly and knows what he is doing. On the other hand, when you go to the
courthouse or records office, usually the owner still has a few months
before the auction.

Real estate agents can be very helpful to you. They are constantly looking
real estate, it’s your job. Start networking with them. Come with some kind of
win-win Let them know if they ever see a property that is upside down or
overleveraged, to call you. If you buy the property, let them list it for you.
Agents get their money from commissions. You treat them right, they’ll treat
you good

Business cards are another great way to find previous foreclosures. you can deliver them
everyone and let them know you are buying distressed properties. give them to
real estate agents, lawyers, friends, neighbors, etc. whatever you get
name out there who is looking to invest in distressed properties. make them
attractive so that people want to call you back. Send them in all your letters. Money
conversations for most people. So set up some kind of referral program where you give them
money if they know of someone who might need your help and you buy their house. me
I don’t know how many people I’ve talked to just for a small search engine fee. The majority
of the time are friends and neighbors of the people doing the short sale
with. They are so pleased with what you have done with them that they want you to help them.
your friends or family, in addition to receiving a search fee. you could have something like
this – “this card is worth $1000 to whoever finds me a property!”

Lawyers work well because a large number of people file for divorce or
bankruptcy. If you know of an attorney who specializes in these areas, work with them.
to them. They can become one of your greatest assets.

Other methods include flyers, magnets, newspaper ads, and signs you see on the
Road side. Try all of these ways to find pre-foreclosure leads and then focus on
the ones that bring you the best results.