The Foreclosure Expert – How to find foreclosures

I have shown you how to find foreclosures and pre-foreclosures in your neighborhood and on the internet. The only cost to these ways is your time. Both ways cost you a lot of time. The reason I say this is because they only give you info on the homes that are in pre-foreclosure, they do not give you any figures on whether there is any equity in the home. Going after a home that doesn’t have any equity is a waste of your time and also could be very costly if you buy a home that is not profitable. What I found is a place on the internet where I can find foreclosures with all the information I need in one place. That place is Foreclosure Experts.

At Foreclosure Experts I can put in search criteria, including a percent of equity and Foreclosure Experts gives me a foreclosure listing that meets my criteria. Then I can look at a map of where the house is located. I personally do not want to get involved in a home in a bad neighborhood no matter how great the deal. I select the ones that have the equity I am looking for and a good location. Using the advanced search criteria I am able to get a list of foreclosed homes that are most likely to provide a profit for me.

So now that you have your foreclosed homes list, the next question you might have is ,”How to buy foreclosures”? This brings up my favorite part of Foreclosure Experts. There are ton’s of articles written by Alexis McGee, president of Foreclosure Experts, on how to purchase the foreclosure and how to profit from your investment. She also provides courses, and they have coaches to help you buy the home, fix it up and then sell the home for a significant profit for you. I know that my success is solely because I have invested in Foreclosures Experts.

I trust the information I get from Foreclosure Experts because Alexis McGee is a Nationally Recognized Foreclosures and REO expert with over 20 years of experience. She’s the go-to person interviewed or quoted by media coast to coast, from The Wall Street Journal, New York Times, Los Angeles Times, and Chicago Tribune to Money Magazine, Manhattan Mortgage, CNNMoney.com, MSN.money.com, CBSMarketWatch.com, DailyNews.com, InmanNews.com, CBS, NBC, ABC, FOX, and CNBC as well as National Public Radio. She has been helping real estate investors find foreclosures even before the internet.

So what are you waiting for? Sign up today and get a bonus opportunity to attend a webinar course for free “Foreclosure Investor Webinar. Make Honest and Ethical Profits Now!”. Click here to sign up for Foreclosure Experts.

My favorite saying is “The Internet is Your Friend”. There is so much information on the internet that are public records. You just have to have a lot of patience and a lot of time to find it. I will show you how I use the county recorded documents to find pre foreclosures on the Maricopa County, Arizona web site. Hopefully you can find the same information on your county’s web site. If not, the documents are available at the county records office in hard copy form.

When someone gets behind on their mortgage, and they don’t work out a deal with the mortgage company then the house will be scheduled for auction. This document that is filed is called a “notice of trustee sale”. The notice will be posted on the house and also sent by registered mail to the original trustors. From the date of the “notice of trustee sale” to the date of the auction, is about 3 months.

First, go to the recorded docs page of the county web site, in Maricopa County, Arizona, that page is http://recorder.maricopa.gov/recdocdata/. On the pull down menu of the “Document Code” field select “Notice of Trustee Sale”, enter yesterdays date into the “Begin Date”. Select search.

The next page gives you a list of all the recorded “Notice of Trustee Sale”, or pre foreclosures, starting on the date you entered. On the date that I entered, there was 296 listed. Now this list only contains the Recording Number, Recording Date, and Document Code. You have to open the document to get the rest of the information. Double click on the Recording Number of the document. There is a buy button, but do not buy anything. The information is available for free in the “view unofficial”. Double click on the number of pages. This will open the scanned document. What you want to know is the date of the sale (auction), the location of the auction, the address of the property, the owners which will be the trustor, the original principal balance and anything else you want to know.

I like to put the information into an excel spread sheet. Gather as much or as little as you want. After several hours you have a fairly good list of pre foreclosed homes.

Now you can mail your yellow lined letter in your colored envelope, or you can hand deliver it. Meet the homeowners in person and develop rapport. You might be able to work out a short sale with the mortgage company, who knows, if they like you enough, they might just give you the house.

Here is a video showing how to find pre foreclosures on the Maricopa.gov website.