Foreclosure Tips
Get Dated Info or Go To Source
The Truth IS: Everything foreclosure starts and ends with county records and you can bank on it!
Why Is Subscription Data Out Of Date?
Locating pre foreclosures and potential short sale properties requires stealth, forget about subscription services, by the time they are posted they are typically gone. I know this as fact as I purchased 13 properties at a single auction and 2 weeks later they were listed on a popular subscription site as preforeclosures. It comes down to a simple term, macros. A macro is a computer program used to data mine the county websites, extracting the data and populating fields on websites, spreadsheets or documents. You then pay for access to the website or spreadsheet. Remember the Secret Treasure Chest of Tax Deed Properties on the infomercials a few years back, well people payed big bucks for access. You payed for monthly individual spreadsheets meanwhile the infomercial guy was buying his info in bulk from a compiler out of Irvine California, I believe. The price difference was quite impressive. The compiler was running a computer program which extracted the data and populated the fields. It is now possible to do this yourself and is relatively inexpensive, check out Imacros. Because these programs are so darned good at getting the data, it creates a lot of spreadsheets or room on someone's website so they run the program in intervals maybe every month or 2 weeks in order to keep it managable. In between intervals, you are looking at dated information.
Go To The Source
If you want the most direct line you have to go to the source. When a property owner is in default a notice is entered into the counties official records. The notice is entered by the attorney representing the lender, Plaintiff, and is recorded in the county of which the property is situate. In Florida the first documents to be recorded are the "Notice Of Action" and the "Lis Pendens" and it is the first notice to be entered in a foreclosure case. Both of these items are recorded on the same day. You can't currently search by Notice of Action but you can query the official records by Lis Pendens. Access to the official records in all Florida counties can be accessed for free from here
You can also go to the County Clerk of Circuit Courts Website or office and search the official records. You will want to query the term Lis Pendens and run the query date restricted. I usually run my search in 7 day intervals. This will give you a list of perspective property owners to contact. The owners and parties holding interest in the porperty will be listed as Defendants. Also keep note of the properties legal decription and the case number.
You will then need to query those named Defendents gathered with the records of the Property Appraiser in that county.
The Property Appraiser's records will give you the features of the property, address of owners, assessed values and in most counties a GIS map of the property. You can then create a GIS overlay to show all kinds of neat things such as area sales.
Once you have located a property you are interested in go back to the Counties Official Records and run a query by owners names and legal description of property. This will reveal other potential downfalls of the property such as mortgages outstanding, liens, encumbrances, etc, etc.. This is the basis of how a chain of title is created and how a title researcher conducts research for issuance of title insurance.
If you live in the area of the homes you are looking at, you can always forego a lot of the computer hunt and peck by going to the Clerk of Circuit Courts Office and pulling the foreclosoure file though I would still strongly suggest creating a chain of title and doing the official records due diligence before contacting people it will save a lot of time. And, in the foreclosure file the O&E owners and encumbrance report can be found which will list all of the owners and parties. But, depending upon when the report was generated there may be new things added in the official records that aren't in the file such as liens.
Final Notes
In Florida the files are stored according to case number and the case number will be on the top right hand corner of the Lis Pendens or you can get the case number from the legal advertisement in the newspaper. There is a newspaper of general circulation which will be contracted with the county for running legal ads and will also run the attorney's ads as well. If you don't know which paper it is, contact the Clerk of Circuit Courts and ask.
As more counties have mortgage foreclosure auctions online, there is less need for retreival of the foreclosure file at the Clerk's Office as all docs in the file are linked to the case number through the auction.
( Copy of Lis Pendens similiar to what you will be looking for)
IN THE CIRCUIT COURT OF THE
FIFTH JUDICIAL CIRCUIT IN AND FOR
CITRUS COUNTY FLORIDA
CIVIL ACTION NO: 2009-_______
JAMES A. MIKEL,
PLAINTIFF,
VS.
JUDITH zzzzzzzzz,
ZSOLT zzzzzzzzzzzzzz,
HOWARD T. zzzzzzzzzzzzzz SR EST,
HOWARD T. zzzzzzzzzzzzzz JR.,
DEFENDANTS.
NOTICE OF LIS PENDENS
TO DEFENDENTS: JUDITH zzzzzzzzzzz, ZSOLT zzzzzzzzz, HOWARD T. zzzzzzzzz SR. EST, HOWARD T. zzzzzzzzzz JR,
AND ALL OTHERS WHOM IT MAY CONCERN:
YOU ARE NOTIFIED of the institution of this action by Plaintiff against you seeking to Quiet the Title to the following property in Citrus County, Florida: CITRUS SPRINGS UNIT 18 LOT 5 BLK 1013 DESCR IN OR BK 579 PG 1298, public records of Citrus County, Florida. CITRUS SPRINGS UNIT 18 LOT 4 BLOCK 1013 DESCR IN OR BK 578 PG 476, public record of Citrus County, Florida. INVERNESS HGLDS SOUTH PB 3 PG 51 LOTS 53 & 54 BLK 266, public record of Citrus County, Florida.
DATED:___________________,2009
_______________________________
JAMES A. MIKEL,Plaintiff
add.,,.phone zzzzzzzzzzz
(Copy of Notice Of Action similiar to what you will be looking for)
IN THE CIRCUIT COURT OF THE FIFTH JUDICIAL CIRCUIT,
IN AND FOR MARION COUNTY FLORIDA
CIVIL ACTION NO: _____
JAMES A. MIKEL,
PLAINTIFF,
VS.
BEATRICE cccccccc,
THOMAS cccccc,
LUELLA cccccc,
IMPERIAL CAPccccc,
DEFENDANTS.
NOTICE OF ACTION
TO DEFENDANTS:BEATRICE zcccc, THOMAS cccc, LUELLA cccc AND IMPERIAL CAPcccccc, INCLUDING ANY UNKNOWN SPOUSE OF SAID DEFENDANT(S), IF REMARRIED, AND IF DECEASED, THE PERSPECTIVE UNKNOWN HEIRS, DEVISEES, GRANTEES, ASSIGNEES, CREDITORS, LIENORS, AND TRUSTEES, AND ALL OTHER PERSONS CLAIMING BY, THROUGH, UNDER OR AGAINST THE NAMED DEFENDANTS.
TO: BEATRICE ccccc
and all others claiming by, through or under them and to all others whom it may concern:
YOU ARE NOTIFIED of an action to quiet and confirm title on the following property in Marion County Florida:
LOT 6, BLK 924, SILVER SPRINGS SHORES, UNIT 31, according to the plat thereof, as recorded in Plat Book J, Page 270, in the Public Records of Marion County, Florida.
TO: THOMAS cccccc
and all others claiming by, through or under them and to all others whom it may concern:
YOU ARE NOTIFIED of an action to quiet and confirm title on the following property in Marion County Florida:
LOT 29, BLK 1565, SILVER SPRINGS SHORES, UNIT 44, according to the plat thereof, as recorded in Plat Book J, Page 372, in the Public Records of Marion County, Florida. .
TO: LUELLA ccccc
and all others claiming by, through or under them and to all others whom it may concern:
YOU ARE NOTIFIED of an action to quiet and confirm title on the following property in Marion County Florida:
LOT 10, BLK 949, SILVER SPRINGS SHORES, UNIT 31, according to the plat thereof, as recorded in Plat Book J, Page 268, in the Public Records of Marion County, Florida.
TO: IMPERIAL CAPcccc LLC
and all others claiming by, through or under them and to all others whom it may concern:
YOU ARE NOTIFIED of an action to quiet and confirm title on the following property in Marion County Florida:
LOT6, BLK 1138, SILVER SPRINGS SHORES, UNIT 36, according to the plat thereof, as recorded in Plat Book J, Page 312, in the Public Records of Marion County, Florida.
TO: IMPERIAL CAPcccccc
and all others claiming by, through or under them and to all others whom it may concern:
YOU ARE NOTIFIED of an action to quiet and confirm title on the following property in Marion County Florida:
LOT 41, BLK 946, SILVER SPRINGS SHORES, UNIT 31, according to the plat thereof, as recorded in Plat Book J, Page 268, in the Public Records of Marion County, Florida.
Said action has been filed against you, and you are required to serve a copy of your written defenses, if any, to it on James A. Mikel, Plaintiff, whose address is ccccc on or before____________________________ 2004, and the original with the Clerk of this Court either before service on the Plaintiff or immediately thereafter: otherwise a default will be entered against you for the relief demanded in the complaint or motion.
Witness my hand and seal of this Court on this______ day of ______________ 2004.
DAVID R. ELLSPERMANN CLERK OF THE CIRCUIT COURT
By:______________________ Deputy Clerk
EVERYTHING FORECLOSURE
Mortgage Foreclosure (on nav bar)
The portal page for Florida Mortgage Foreclosure Investors.
Foreclosure, What is
Foreclosure Types, What Is & Why Buy, Find Your Free Auction List.
Foreclosure Auction Basics
The Basics, Winning Strategy, Requirements
ForeLiens
You had better know what is superior before you bid.
Lien Finding
Locate Liens and Mortgages using the case file.
Info
What can be found where, creating a superiority checklist, chain of title tips, foreclosure file retrieval.
Buying
Buying foreclosures before the auction. The winning strategy for buying from the property owners. Short Sales Info.
Deals
How to contact the bank first, after they obtained title from a foreclosure sale. Be first and win.
ResearchTips
D.I.Y. title search, title reports, info on how to conduct due diligence.
Profits
How to keep your profit and save big money with these tips.
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