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Updated almost 6 years ago,
Auction Due diligence Automation
Hi everyone, i wanted to get some input on aiction due diligence.
As an experienced investor would know a good due diligence should at least have:
Title search (veryfying lien and most important the mortgage position)
The foreclosure case analysis including docket updates.
A solid Bpo
Taxes oweded
Open permits
Mechanical liens
Zooning
Property details (rooms, size ect)
Hoa info
Ect.
Well from my iwn experience this process if done by an experienced investor might take 2-3 hours per property.
With the high cancelation been 60+% due diligence should be started Thursday for monday auctions (miami dade).
We accomplished to map, test and automate the process where our solfware pulls about 1000 sales in 4 hours.
I will love to here your thoughts and feedback if this is Something that would be helpful and worth the time we've put in on accomplishing this. Any feedback, or questions are welcome.
Thank you all in advance!
Walter holmes.