Frequently Asked Questions

Q:What are the benifits of becoming a member?

A: We can help you find distressed property.  We do not charge our members per county.  If we collect the data, and you are a subscribing member, you have access to all of the data.  We are the only company that is collecting data in multiple counties at the local levels and charging a flat fee.

Q: What kind of property data is included in our database?

A: Our database currently includes updated preforeclosure information recorded by a substitute trustee

Q: How often is the data updated?

A: Our data is constanly being updated.  Outdated data is purged from the system on a weekly basis.

Q: What kind of information is provided about the properties.

A: Information provided for preforclosure property includes:

• Owners name
• Property address
• Photo of the property (when available)
• Loan amount
• Loan date   
• Trustee
• Book
• Page
• Quick link to the county tax site (when available)

Q: Do I have to sign up for a long term commitment?

A: No, there are no contracts.  Simply cancel your subscription any time you want.

Q: How do I cancel my subscription?

A: Log into your pay pal account and follow the instructions for canceling your subscription .

Q: Who uses your services?

A: Preforeclosure information has been used by:

• Loss Mitigation Specialists
• Individuals looking to buy their own home at significantly discounted rates
• Investors who wish to buy at below market prices in order to increase their profits
• Real estate agents interested in reaching the seller quickly in order to be the first to list their home
• Lenders seeking new borrowers, as default homeowners need a loan intermediary and a new loan program
• Consumer credit counseling agencies looking for new customers
• Attorneys who assist the homeowner in making the best decisions both during and after the foreclosure process (i.e. bankruptcy and protection of personal assets)

Q: How do I initiate the buying process? How much money is needed?
A:You must present a written contract directly to the owners as the property still belongs to them at this stage. After making contact with the owners via mail, phone, or personal visit, it is imperative that you find out all the details about the property (i.e. size, condition, age, etc.). You must also inquire about the number and type of liens in addition to loan balances. Once you have thoroughly researched the property and ascertained it to be a good deal, write and submit a contract to the owners.

Q: Do I need a realtor to buy a foreclosure?

A: No you don't.  It is recommended that you understand the process and know the status of any loans or liens against the property. 

Q: What should I be aware of when buying a preforeclosure or foreclosure property?

A: You should be aware of everything. Trust nobody, double-check everything, and understand that foreclosure properties are sold in “as is” condition. With foreclosure properties, surprises are very common. Do your due diligence. You will uncover problems with the property itself as well as find liens or loans against the property the seller has not told you about. Have your financing arranged so you can be ready to close on the property fast if an opportunity presents itself.