Avenues for getting foreclosures

**Kreative Maverick** · 05-17-2009, 05:52 PM

Hey board,

Please give some advice on the following:

I have been working w/ an agent to get foreclosure listings in ATL GA. She is doing a great job but I want/need to get in bids on more houses.

W/ the mkt being saturated w/ investors, especially in my target area. I want to find alternate ways than relying on her foreclosure list and websites.

Any advice would be helpful

Thanks

**RedCarpetSchool** · 05-18-2009, 06:31 AM

Well the actual properties making it to foreclosure are going to be listed on her site most likely. The trustees are providing the data in the best representation for their clients the bank.

[FONT=Times New Roman][SIZE=3]If you want to get to them before they make it to the foreclosure Auction then you will need to direct market or post ads looking to assist people in buying their home before it goes to foreclosure. In Washington state it has recently just got a little harder for the inventors to go after properties this way as the properties are now considered distressed properties (pure terminology only, lack of a better word for a property that is or will be behind in its mortgage payments) and they have been given a little more protection against losing their house. Check with your state about the seller

**Greg** · 05-18-2009, 07:32 AM

The bank buys the properties back on the courthouse steps before they ever hit the market.

Go to the courthouse and you will find all the upcoming foreclosure sales. Use the time before the sale to do research (title search) to make sure there aren't other loans/liens on the property.

This is a risky way to buy so be careful.