I’m trying to find a way to get fresh qualified list of homeowners who are 60-90 days late in payments. This list would encompass true pre-foreclosures, weeks before the public notices are filed.
I’ve tried Googling to no avail. Does anyone have any ideas?
??? ??? ???
Thanks!
-JC
Mortgage delinquencies are not public information until foreclosure is initiated. Credit agencies have this information but I doubt it is for sale.
Banks obviously have lists of their mortgage customers who are 60-90 days past due but likewise this is not public information.
Make business contacts and or friends with as many mortgage brokers as you can. They can’t tell you who these people are but they can refer them to you if the broker is not able to help them. Also befriend as many real estate people as you can they will also refer people that have late payments that they know they will not be able to sell the house and collect a commission.
Just make sure you make it worth there while when you get a good deal from them.
There are two providers, one of which is Guaranteedlists, they wouldnt tell me the other. FYI, this will only work if you have deep pockets. wainvester is correct. I made friends with a mortgage broker who turned me onto a 60 day late, which turned into 90 days this month. 
steve
Thanks to everyone!
Do you know a price per lead? Quanity you must order? Can orders be split?
The King
http://www.mortgagelists.com/asp/datacard.asp
Remember when you hit them early (proactive mining) most are not YET “motivated”. Purpose is to BRAND your name into their head b4 others do. Repeated AIDA mailings do the trick
Attention
Interest
Desire
Action
Show them how you can BENEFIT THEM. Don’t just say “I buy houses fast cash” zzzzzzzzzz…They’ll just think "well bully for you, what’s in it for me!? " and put it in the you know where.
Think before you mail…think think think! :cool
I contacted one of the list sellers noted in this series and they pull their information from the 3 credit bureaus. So, when someone is reported as 30 days late with Equifax, for example, their name gets pulled onto the list. The minimum # to purchase is 5000 at about 32 cents per name. You can get them to run either a 30, 60 OR 90 day list depending on how far out you want to start contacting. Does anyone know how long it takes between the time you miss a payment and the time it’s reported late to a credit bureau? I don’t want to buy a 60 day late list if it’s actually been 90 days. Does that make sense? Also, does anyone know when a NOD is issued by a lender (in terms of # of days late) or does it vary? Thanks for any feedback!
NODs usually go out after 3 months missed payments.
I like the “exhausted credit” one here
http://guaranteedlists.com/mortgage.php
That’s got to b an indication someone close if not already in FC (if they also own a house)
Sara,
Which provider did you call that is charging $.32 per lead with a minimum of 5,000 leads purchased?
Could you list the name and website, if any?
Thanks!!!
Dallas
I touched base with guaranteedlists.com. They can break down the names in a multitude of ways. The rep I spoke with said that the 30-60-90 late list is popular…Hope this helps!
I have an apt scheduled to talk to Guaranteed List on Friday, if you guys have questions for them, let me know and I will ask them.
If the list is 0.32/lead is not bad if the list is clean and up to date. You are getting targetted fertile list with good potential for response. Of course now you have to deal with catching up their payments and having the initial marketing investment. A post card campain to 5000 leads can be expensive specially when you are doing multiple hits.
Yes, marketing to this group will be costly but hopefully will pay off more than just a general marketing to everyone/anyone.
We actually went up to 10000 addresses; got a discount. We can get the first 5000 now, mail and then request the other 5000 (they will be pulled when we request). We did this because it will take us a little time to mail the 5000; the second 5000 will be fresh when we request. You can also request those only in SFH’s as well as a specific type of mortgage (100?% with 1 lender vs 80/20). Takes 3-5 days after we send payment. They will either email the document for you to print the labels or they will mail you the labels, already printed.
i did this for years…speant WAY WAY WAY too much money chasing down leeds…
i got the list from multipal sources, the best being the local lawyer newspaper… (like a local trade rag). it would post after 90 days but BEFORE they actually went into foreclosure, this was the leagal doc saying “its going to happen” so you could call the owner and say, next tuesday you will prolly get a letter say FORECLOSER…worked well that you knew before they did…
IMO it is better to find a different way to find homes…
Did you ever find the 60-90 day late list? I have resources for those lists, mailers to go along with them and also short sale negotiation services. Let me know if you need any help.
I called www.guarnteedlists.com and they can do leads for .32 per lead with a minimum of 5000. That’s $1900.
Hello everyone,
Knew REI here out of Sacramento, CA…
I too had been looking for reputable places to find “pre-NOD’s”, so this thread has been most useful…Too bad my current budget doesn’t have an extra $1600…which is the correct cost of 5,000 leads at $0.32 per lead.
However, as my business grows, I’ll definitely consider it.
Cheers,
RayE
Try www.leads90.com some time next week. They will offer 90 day late leads in all 50 states at the County Level to RE Investors. They have 60 day leads posted there as well but I don’t think they are going to offer those. It must be in the domain name… There’s always a restriction on the use of these types of leads, but they are worth it. I believe they will be live with this service before the end of the month. I was told you can buy in quantities as small as 300 leads. I don’t know the cost, but you can bet it won’t be $0.32. Hopefully it isn’t much over a buck. We’ll see…