Direct mail to owners of properties listed on auction. Com

Direct mail to owners of properties listed on auction. Com

Investor · FRANKLIN, TN · Member since 2012 · 28 posts · 5 votes

In my area all the courthouse steps auctions are listed on Auction.com. Having attended a couple of the auctions I see that almost none come up for actual live auction. Has anyone tried contacting the owners of these properties before the auction date to offer them a fast cash sale?

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  • Professional Auctioneer · Baltimore, MD · Member since 2015 · 1k+ posts · 1k+ votes
    10y

    Often times, the seller will stop the auction by pay up the back payments or filing bankruptcy.

    • Sure, find the owner of the property and try to negotiate a deal.
    • Be aware of any foreclosures laws in your area, you may want to be arms length , that is get and agent to represent you.
    • What you are suggesting is Pro-Active, get out there find the problem and solve it.
    • When you do you will make money in this business
  • Rental Property Investor · Dunedin, FL · Member since 2015 · 121 posts · 61 votes
    10y

    i just saw this happen here in Florida- a house that was going to auction (and I was going to bid on it) got "redeemed" by the seller who apparently was approached by someone who gave her the $ to pay off what she owed, and that person got the house for a better price than they would have probably during the auction. I guess the owner was motivated to avoid having a foreclosure on her record, or maybe the buyer gave her a bit on top. A very painful lesson for me to learn- I really wanted that house! I should have found that woman somehow and solved her problem. good luck!

  • Investor · FRANKLIN, TN · Member since 2012 · 28 posts · 5 votes
    10y

    Waverly, I am getting the addresses for auctions that are about a month or more out. Taking that address to the county property tax website. There I can get the owners name, mailing address, and assessed value. Keep trying and let me know how it goes. 

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