Pre foreclosure lead
For a "pre foreclosure lead", you can contact the owners who have defaulted on their mortgage payment, directly and obtain the property from them before it goes up for auction. The borrower who has borrowed the money has until the date of the auction to pay off the loan (upon which his property will become free and the bank can no longer acquire the title to it). At this point of time, the borrower is open to any kind of offer and is searching for a way to prevent his property from being auctioned off.
Keyword: Pre foreclosure lead
-----------------------------
Finding Quality Pre-foreclosure Listings
All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates. Using the internet, a number of web sites allow searches by state, county, city, and zip code. Pre-foreclosure listings are public information and generally available at the local recorder's office. Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
--------- Sponsor -----------
Foreclosure Loan
Before you can understand what a foreclosure loan is, you must understand the concept of a foreclosure. A foreclosure is the legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt. When the individual starts missing payments...