i have lists to NOD's and Auctions what to do with it?

[Rob Rivera]

Hello everyone,

I have lists for NOD and auctions and I was wondering what is the best way to use these lists to get property leads to either list for sale or to flip? Either way is good for me. What would you guys do or what do you guys suggest I do to monetize these lists or make use of them?

Thanks my fellow real estate entrepreneurs!

[Logan Drew]

You can approach the NOD homeowners to see if they are interested in selling their homes/ listing their homes through you. Sometimes a mailer and actually going to the home to follow up can work as a multi-pronged approach.

[Jeff B.]

NOD's are the beginning of the foreclosure process. If you chase these, you're into short sales and there are special rules (eg California 1695 cc). Before you play the game, make sure you know the rules!

[Jim Keller]

Originally posted by @Jeff B.:

NOD's are the beginning of the foreclosure process. If you chase these, you're into short sales and there are special rules (eg California 1695 cc). Before you play the game, make sure you know the rules!

 I wondering what spicificelly your talking about when you say "make sure you know the rules"  That is the way to do anything in our industry I have always felt.  

That being said, I can think of no better way to get into the "industry" than through NOD's and NTS's. They have been around for years and will be for years to come. Align yourself with a good team, you do all the equity buy outs and let your realitor team member do the short sales. Plenty for everyone, good luck.

Jim

[Jeff B.]

@Jim Keller:

For those working in California,  See Calif CC 1695

Of course rules are rules, but 'buyers of equity' have liability if they don't understand.

[Jim Keller]

I'm very familiar with CC1695  and so should all investors and  escrow companies.  Big brother is watching us all, do the right thing and you will be protected.  All my equity buy out sellers understand that I'm doing it for a profit, and other buyers could and might pay more.  

Jim