I have been researching ways of finding people that are 1 or 2 months behind on their payments, before all the competition starts. I spoke with equfax and it can be very exspensive for a credit snap shot of a county. Anyone know of anyother ways to find late payers before properties go into lis pendens?
thanks
You will have to develop a marketing campaign directed towards high foreclosure neighborhoods or the most difficult part of the game is to develop relationships of lenders in your market area.
You will find that 30 to 60 days late property owners are not as motivated as a property owner that foreclosure is pending.
Investment banks don’t like to foreclose. Its costly. Some banks will even let you start taking over the payments if your qualified