FAQ
What is the ForeclosuresDaily difference?
The raw data is cross-referenced with the Clerk of the Court, Property Appraiser, and Tax Department. The result is real estate leads. We connect our customers with motivated real estate sellers.
Most companies do not provide fresh data daily. They typically provide quarterly or monthly data and do not usually farm for real estate. You would be marketing to people with no property to sell and at least 1-3 months old.
We here at Foreclosures Daily understand the importance of having new data!
ForeclosuresDaily.com is a nationwide lead provider that has been in business since 2004.
What Lead Sources do you provide?
What are Pre-probates?
Pre-probates are an excellent lead source! Pre-probate is typically aggregated a short time after death. The benefit of working Pre-Probate lists is that you will be one of the first at the door! An additional advantage is that some people will inherit the property via a trust and may not have to go through the Probate process. 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 Court.
- Pre-Probate means that the Probate has yet to be filed.
Where do you get this information?
Our researchers pull our data daily or weekly, depending on the Lead Type—most of our data is collected from public record Information. However, we have some data that is not available via Public Records and is considered off-market data.
What extra information can you provide that others don't?
Our data is cross-referenced against Property appraisers, Tax Collectors, and other proprietary resources. We get you the data first. Stringent research requirements and data integrity standards are paramount.
Could you tell me at what times you provide data?
Data is delivered daily or weekly for most Lead types. Some Lead types are "Bulk or Volume Based data. A la Carte is provided as needed.
What format is the data provided?
Data is provided in 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 Excel or CSV format, depending on the Client's needs.
Where are the Property Values listed for the properties?
Property values via Property Appraiser and Tax Collector from each County.
If the information is wrong on the report, how can I correct it?
However, it would be rare and isolated yet still possible if there were mistakes. If you ever find an error, please let us know as soon as you can so that we can have our research Department double-check the file. However, we cannot control the error due to inaccurate information, 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 on the property. Often, they are State Owners. They hold a piece of property but live in an entirely different state. Some Absentee Owners live in the same shape but are still in another home. They are ordering by requesting that the owner is In-State or out of State.
What is an Inheritance Lead?
- A person who inherits a property via a trust does not have to put their property in Probate Estate.
- Completed Probates
- Family Deed Transfers
What is a Divorce Lead?
Divorce is the legal dissolution of a marriage by a court or other competent body. We will verify the real estate and provide you with the information when the divorce is filed.
What is a Lis-Pendens?
When a homeowner stops making payments on a mortgage, the mortgage has a specific procedure to take the property back. This procedure will differ according to the State and County of the property.
If a lender finds that a homeowner is in default on their mortgage payment, and the two parties cannot 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. They are sometimes referred to as a Pre-Foreclosure.
Why is investing a good idea in today's market?
The market has already hit bottom & is now appreciating. In most areas, the market is currently enjoying healthy levels again. Don't miss the boat. If you still need to start, it's time to acquire income-producing properties! Those who load up on cash-flow properties today will look back 5 – 10 years and realize what a significant investment they made. Mortgage Rates are still meager but are climbing. Savvy real estate investors will capitalize on this 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 Real Estate transactions in some markets.
Short 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 choice but to take possession of the house 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?
known as "Exit Strategies." Several profitable Exit Strategies are working well right now in this market:
- Wholesaling – quickly flip a contract to an investor for quick cash without extending your money!
- Retail buyers are returning to the market because of historically low mortgage rates, price appreciation & the tax credits offered, and 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 lovely home. This strategy works well in those cases.
- Rental – if you buy right, over the long term, this is a tremendous cash-flow strategy where you can reap annualized returns of up to 20% per year or more!