Pre-foreclosure list criteria

General Real Estate Investing
1

What is your guys criteria for pre-foreclosure lists bought online?

I’ve checked out a couple, here where some ideas i thought about but want to hear from the experienced before i start my direct mail campaign.

datasource.com

  • List starts as pre-foreclosures(flagged) in my target area(location)
  • Only those who’s 1st mortg. loan was 10 years ago or more(equity)

melissadata.com

  • List starts as pre-foreclosures(flagged) in my target area(location)
  • With melissadata.com calculated equity of 30% or more(equity)

What have you guys found effective?

2

If you want to target known preforeclosure lists, then see if anyone in town provides such list. For example, in San Antonio there are couple of companies that provides such lists the night the list becomes available.

3

Fadi,

Care to share the name of the San Antonio companies?

4

I only remember one of them right now, they actually serve most Texas. http://www.flsonline.com/

5

You are very nice to share that info, thank you!

The people that visit this site such as yourself really have no idea how people like myself appreciate your help.

Thanks for giving back.

6

I remembered the second one… http://www.rexreport.com/