LOOKING FOR FORECLOSURE LISTINGS - Any agents willing to share their secrets?

By Todd Jones

Real Estate Agent with Weichert Realtors - Hibble & Associates

October 30, 2007 02:01 PM

Over the past few years, I have made a good deal of money helping out clients who are facing foreclosure. Working with those in pre-foreclosure gives house me an opportunity to help my clients get a fresh start. It also helps me out tremendously because these clients seem to share my name with everyone they meet. I have have made it a habit to reach out to those in the pre-foreclosure arena and have benefited with many listings. The code I cannot crack however, is getting listings once a property is foreclosed on by a bank or lending institution. Getting to the right person at a lending institution is not an easy task. Even when you find the right person, it still may be a dead end because they already have an agent in your area.

Are their any Realtors out there that are willing to share their secrets?

Consider it you way to help another Realtor who is trying to find a niche market here in Northeastern PA. Can you get me connected to a lender/bank so I can get my foot in the door to list foreclosed homes?

ActiveRainers unite and share your knowledge!!

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Vincent McKamy

Samson Properties - Fredericksburg, VA

Realtor Fredericksburg Virginia

Todd,

With you being in the pre-forclosure business and with a good name, what I would try to do is when you contact the bank when dealing with the pre-forclosure I would try and pick thier brain. I know it is a tough thing to break into. Like anything else in this business you have to keep working it and working it with many different angles.

Good Luck

Oct 30, 2007 02:10 PM

Stacy Magid

Century 21 New Millennium - Woodbridge, VA

Join us on the BPO board. So many great suggested are posted about getting foreclosures through BPO's. It's a members onlyblog so make sure you let the moderator know why you are interested.

Oct 30, 2007 02:21 PM

Todd Jones

Weichert Realtors - Hibble & Associates - Clarks Summit, PA

Vincent -currently trying this approach. You are right though, it is very hard to crack the code.

Stacy - I will look for the BPO board. Thanks for the advice

Nov 01, 2007 07:50 AM

Universal Funding Partners

Universal Funding Partners - Scranton, PA

Hello Todd,

I can't help much with advice to find lenders that will work with you. However, when you do land some listings, I could help you sell them. I'm local and I'm lending hard money to purchase and rehab foreclosures in awful shape. If your potential buyer would rather keep their down money in their pockets, call me. I can finance 100% of the purchase and rehab.

You can call me if you want to chat, share ideas, or meet for lunch. Welcome to ActiveRain!

Nov 10, 2007 12:54 PM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I will read all the comments to get some good tips. I will look into the BPO board.

Nov 10, 2007 11:30 PM

Mike Jones

SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ

Mike Jones NMLS 223495

Jonsey: Welcome to Active Rain! Browse, Read, Learn, Enjoy. It'll help you keep up with the Joneses!

Mike in Tucson

Nov 12, 2007 01:00 AM

Chris Griffith

Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL

Bonita Springs Listing Specialist - Agent

Hi Todd I just popped in here to let you know that your picture died. It has a red x. You might want to upload if it isn't server issues.

Nov 15, 2007 09:55 PM

LOOKING FOR FORECLOSURE LISTINGS - Any agents willing to share their secrets?

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Todd Jones

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