| How do find foreclosure deals? | | | | Hopefully, you can find theforeclosure before |
| | | | it has gone too far into the foreclosure |
| There are numerous ways to find foreclosures | | | | process. Find below afew locations to begin |
| properties. Listed below are someof the most | | | | the search: |
| common: | | | | |
| | | | - Classified Sections |
| Courthouse Research | | | | |
| | | | - Legal newspapers |
| Information you are looking for can usually | | | | |
| be found in the Clerk of the Court'soffice or | | | | - Attorneys |
| Land Records department Start by calling the | | | | |
| County Courthouse tofind where real estate | | | | - For Sale by Owners |
| property records are located. Each Courthouse | | | | |
| hasdifferent methods of filing documents, | | | | - Realtors |
| some in large books, some on microfichefiles, | | | | |
| and others on computers. | | | | - Auction Companies |
| | | | |
| It is important to ask a County employee for | | | | - Banks- ROE departments |
| assistance. They can show youwhere real | | | | |
| estate property records are located. They can | | | | - U.S. Marshall's Service |
| show you where tostart your search and where | | | | |
| you can get more detailed information when | | | | - Listing Services |
| youlocate a potential suitable property. You | | | | |
| may want to start with the lis pendensfiles | | | | - IRS auctions |
| or the docket sheet, where the most recent | | | | |
| court actions are first recorded. | | | | - Bankruptcies |
| | | | |
| Write down the foreclosure case number and | | | | - Probate Court |
| then review the file to gather dataabout the | | | | |
| foreclosure. All the information concerning | | | | - Your own advertising |
| the title to a property ispublic record. | | | | |
| Remember, only recorded information in the | | | | - County courthouse, town ball, or registry |
| public records canenforce the priority is | | | | of deeds |
| established by the date and time of | | | | |
| recording. | | | | Check for "new cases" |
| | | | |
| To check on deed information, visit the Tax | | | | Check for "sale" file |
| Assessor's office or in another partof the | | | | |
| Courthouse. Locate the correct volume and | | | | The materials herein are provided with the |
| page to find the deed. Thedeed will show the | | | | understanding that the author, company and |
| owner's name, give a legal description, and | | | | orpublisher are NOT engaged in rendering |
| will have a mapor plat book and page that | | | | accounting, legal, investment and/or tax |
| shows the physical plat of the property. | | | | advice orservices, as they may relate to this |
| | | | program. Questions regarding specific |
| In many instances, you will find a mortgage | | | | accounting, legal,investment and/or tax needs |
| on the pages following the deed. | | | | of any participant in this program should be |
| | | | addressed to theparticipant's own |
| From the mortgage document you can determine | | | | professional adviser. |
| the type of financing, originalloan amount, | | | | |
| interest rate, legal description, date of | | | | The authors, its agents and assigns, |
| first payment, procedure forforeclosure, | | | | specifically disclaim any liability, loss or |
| assumable or non-assumable indicators, and | | | | risk, personal orotherwise, incurred as a |
| any prior liens. | | | | consequence directly or indirectly of the use |
| | | | and/or application ofthe techniques and/or |
| If other liens are found, recheck them in the | | | | materials provided in this program. |
| appropriate Deed Book. These aregoing to have | | | | |
| to be dealt with if the property is to be | | | | These materials are published for educational |
| purchased before theforeclosure sale. | | | | purposes only. This information is provided |
| | | | toprogram participants as additional personal |
| Check also for judgements by looking in a | | | | financial strategies. |
| Judgment Book or on a microfiche file. If | | | | |
| found, check to see if the judgement waspaid. | | | | These materials are not intended to enable |
| By definition, a lien is a claim one has for | | | | participant s to engage in commercial |
| securing a debt owed bysomeone. A judgment | | | | activities orto start or augment a business. |
| attaches to and serves to lien all real | | | | |
| estate owned by aperson in the country where | | | | The forms in this program are provided for |
| it was files. A property owner with no liens | | | | educational purposes. These forms may not |
| can,therefore, give good title to his or her | | | | beappropriate for use in all states. |
| property. | | | | Therefore, you should request that your |
| | | | professional adviserreview these, or any |
| There are many sources to find foreclosures. | | | | other forms you plan to use for any purpose. |