FAQ What is the ForeclosuresDaily difference? The raw data is cross referenced with the Clerk of the Court, Property Appraiser, Tax Department. The result is real estate leads. We connect our customers with motivated real estate sellers. We deliver new data daily. Most Companies do not provide daily fresh data. They typically provide quarterly or monthly data and do not usually farm for real estate. This means you would be marketing to people who have no property to sell and are at a minimum of 1-3 months old. We here at Foreclosures Daily understand the importance of having fresh data! ForeclosuresDaily.com is a nationwide lead provider that has been in business since 2004. What Lead Sources do you provide? Products here What are Pre-probates? Pre-Probates are an excellent lead source! Pre-Probate is typically aggregated a very short time after the death. The benefits of working a Pre-Probate lists is that you will be one of the first at the door! An additional advantage is that some of these people will inherit the property via a trust and may not have to go through the Probate process at all. Sometimes these people may be able to sell their property right away! What’s the difference between Pre-Probate and Probate? The difference between a Probate and a Pre-Probate is; Probate means that the Probate has already been filed in the Court. Pre-Probate means that the Probate has yet to be filed. Where do you get this information? Our researchers pull our data either daily or weekly depending on the Lead Type. Most of our data is collected from public record Information. However, we do have some data that is not available via Public Records and are considered to be off market data. What extra information that you can provide than others dont? All of our data is cross referenced against Property Appraiser and Tax Collector, as well as several additional proprietary resources. We get you the data first.Stringent research requirements and data integrity standards is paramount. At what intervals do you provide data? Data is delivered daily or weekly for most lead types. Some lead types are considered “Bulk or Volume Based data. Ala Carte will be delivered as needed. What format is the data provided in? Data is provided in either Excel or CSV format depending on Client needs. All columns are formatted for ease of mail merge and CRM uploading. How will I receive my data? Data is uploaded into our database for easy access at your leisure. Some Data Types are emailed directly to the Client in either Excel or CSV format depending on Client’s needs. Where are the Property Values listed for the properties coming from? Property values provided are collected via Property Appraiser and Tax Collector from each County. If the information is wrong on the report, how can I get it corrected? However, should there ever be a mistake, it would be rare and isolated yet still a possibility. Should you ever find an error simply let us know as soon as you can so that we can have our research Department double check the file. However, we have no control if the error is due to inaccurate information provided, such as public records and others. What is an Absentee Owner? An Absentee Owner Is a non-owner occupied property. A person who owns a property but does not live in the property. Often times they are Out of State Owners. Meaning they own a piece of property but live in an entirely different state. Some Absentee Owners live in the same state but still in a different home. They can be ordered by request that the owner is In State or out of State. What is an Inheritance Lead? A person who inherits a property via a trust and they do not have to put their property in probate. Completed Probates. Family Deed Transfers. A property that is transferred from one family member to another. What is a Divorce Lead? Divorce is the legal dissolution of a marriage by a court or other competent body. When the divorce is filed we will verify that there is real estate owned and provide you with the information the very next week. What is a Lis-Pendens? When a homeowner stops making payments on a mortgage the mortgage has a specific procedure it follows to take the property back. This procedure will differ according to the state and county in which the property is located. If a lender finds that a homeowner is in default on their mortgage payment, and the two parties are unable to resolve the issue of outstanding debt, then the lender/plaintiff has the right to file a lawsuit (known in this case as a lis-pendens) against the homeowner. This is sometime referred to as a Pre-Foreclosure. Why is investing a good idea in today’s market? The market already hit bottom & is now appreciating. In most areas the market is now appreciating in value to healthy levels again. Don’t miss the boat... If you haven’t already started, it’s now time to start acquiring income producing properties! Those who load up on cash-flow properties today will look back 5 – 10 years from now and realize what a great investment they made. Mortgage Rates are still very low, but are climbing. Savvy real estate investors will capitalize on this now to help build massive wealth for their future. Why is investing in Foreclosures and Pre-Foreclosures still good in today’s market? Foreclosures and distressed property sales account for nearly 25% - 50% of all the Real Estate transactions in some markets. Shorts sales-The lender doesn’t like to be in the business of selling homes, but when a buyer defaults on the loan by not making their payments, the lender has no other choice but to take possession of the home and try to sell it to recoup losses. Lenders prefer to sell defaulted homes quickly. They want to get out of selling homes, and back to lending money. How do I flip or Sell a Property as an Investor? This is known as “Exit Strategies”. There are several, profitable Exit Strategies that are working well right now in this market: Wholesaling – quickly flip a contract to an investor for quick cash without extending any of your own money! Retailing – retail buyers are coming back into the market because of historically low mortgage rates, price appreciation & the tax credits that were being offered as well as the improving economic conditions. Lease-Option – many would-be buyers currently have poor credit but have money for a down-payment (option consideration) and want a nice home to live in. This strategy works well in those cases. Rental – if you buy right, over the long-term, this is a great cash-flow strategy where you can reap annualized returns of up to 20% per year or more!