Choosing a Foreclosure List

Choosing a foreclosure list can sometimes be an arduous task. Investors know that they probably need a foreclosure list if they want to be successful, but the problem is that there are so many of them available that making a choice can sometimes be a bit tricky.  If you are in this position, there are a few tips that you can follow. By using these guidelines, you will be able to find a top-notch foreclosure list in no time at all.

  1. Ensure that real estate professionals are behind the company that is offering the list. Many companies that provide foreclosure lists are not directly involved in the real estate industry and have no clue what the real estate industry is all about. You want to make sure that you are only dealing with a company that has professionals compiling their lists.
  2. Ask the company that you are considering how often they update their foreclosure list. You will not want to join up with a service that only updates their foreclosure list once or twice a year;  with these infrequent updates, you will be chasing after stale leads. So that you are not pursuing non-existent deals, be sure the list is updated daily. With daily updates, you will see only the available properties, including new ones.
  3. Test out the customer service department before you sign up with any service. Just like in any business, the level of customer service is critical. If you have a question, it is essential that you get a prompt, accurate response.
  4. Ask the companies that you are considering for a list of testimonials or references. These references are relevant because if you can speak with somebody that has had success with the foreclosure list, you will be able to ask any specific questions that you may have. Top notch services usually have a strong following of investors that use them time and time again.  By reading what they have to say, you will be able to get a better idea of the type of foreclosure list.

Overall, if foreclosure investing is what you want to do, the best way is really to pay close attention to both your foreclosure list and the company providing it. By following the guidelines above you have a much better chance at receiving the most accurate information as quick as possible.