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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Professional
  • Alpharetta, GA
8
Votes |
21
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Pre Foreclosure and Tax Sales

Account Closed
  • Professional
  • Alpharetta, GA
Posted

Right now I have been tracking the foreclosure filings that have been coming out of the counties newspapers, with plans of skip tracing these individuals. I am wondering though with the foreclosure auctions a month down the road, is their enough time for me to reach out to the owner and try and get the property under contract with the intent of wholesaling it or do I need to focus on another avenue of trying to wholesale pre foreclosures. Besides looking at these newspaper filings what other ways can I go about getting these pre foreclosure filings as early in the process in order to have enough time to pull of the deal. 

My question for the tax delinquent leads is basically the same as well. If I get the properties that are going up for tax sale 30 days before the sale, is there still enough time to pull off the deal?

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Bill S.
  • Rental Property Investor
  • Denver, CO
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Bill S.
  • Rental Property Investor
  • Denver, CO
ModeratorReplied

@Account Closed without specific details about your local foreclosure auctions and tax delinquent laws it's a bit difficult to advise you. With no other issues and cash enough to purchase 3-4 days is all that is needed for title work to be completed if you are buying directly from the owner. You need to learn your local laws and talk to real estate agents. When our local foreclosure auction was done at the courthouse (it's now online) I went and just watched it in person. It was extremely educational. I have talked to the people at the courthouse (go in person) and they were extremely helpful but not so much via the telephone (seems they get lots of calls and have been coached how to be vague). When in person, it helps to have a specific property to ask about. 

  • Bill S.
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