Strategies to cherry pick pre-foreclosures - homes w 2 liens or low payments

[Samuel Ksiazkieicz]

I have been working with pre-foreclosures for a little while now and have come to the realization that my process (bandit signs, ads, knocking on doors etc) is very inefficient. As we all know, its a numbers game, few contacts we make will actually pan out and be profitable. And with pre-foreclosures, which are those? At least for me they are the homes which have 2 mortgages which make them profitable short sale candidates, homes with low payments which make them viable subject 2 candidates or homes with older loans which mean they have decent equity.

I have been looking into different ways to find these specific types of homes, mainly spending time at the courthouse etc.

Does anyone have an easy way to determine if a house has more than one mortgage? I know you can go through public records and look for liens but that can be pretty time consuming for the amount of houses you need to go through.

Any ideas on these cherry picking strategies or thoughts on how to make our preforeclosure searches more efficient?