Janet & Bob's Foreclosures

Our high equity arrangement of properties is the starting point for the wise investor.  There is no point in wasting your time on properties that do not have equity.  You are free to concentrate on properties that can make you money. By examining the sample below you can see that Janet & Bob's Foreclosures evaluates potential equity based on tax value and foreclosure loan amount.  This is just a small sample to teach you how to use the information most effectively.  Once you suscribe to our services your daily e-mail will have all the properties in Union County NC that are in the foreclosure process.  This might be a hundred properties or more on any given day.  It is a tremendous time saver to have these foreclosures listed according to their potential equity. You should be very skeptical when looking at properties with unrealistic equity. The chances of clear titles and the properties continuing through the foreclosure process are very slim. The Equity sheet of our spreadsheet helps you to zero in on properties that merit your attention quickly.  You will also have the full names of the owners for easy contact if you work pre foreclsoures as well as the institution that holds the mortgage. The hearing dates and dates and times of sales are included for each property. Congratulations, you have just learned how to eliminate 3/4 of the foreclosures on the list.  Now you can concentrate on that remaining 1/4 and know you are making rapid strides toward a wise purchase of a foreclosure in Union County NC. Remember that Janet gives free mentoring to clients so  questions are always welcomed.

Now that you have quickly and easily located some properties with the assistance of Janet & Bob's Foreclosures LLC, it is time to evaluate them.  You need to physically examine the properties.  Yes, I know that is difficult with properties being locked and sometimes occupied.  It is part of the foreclosure process and must be accepted.  You also need to answer some important questions:

• Is the title clear and marketable?
• Are any taxes owed on the property?
• Is the foreclosure loan the senior mortgage?
• What about liens?  

It is Janet & Bob's Foreclosures LLC to the rescue again for help in answering these important questions.  By using the Logan system, tax computers, civil case computers, and special proceedings computers at the courthouse Janet & Bob's Foreclosures LLC locates information that could influence the title.  On your daily e-mails this information appears in red to alert you to potential problems.  The more red you see on a property the more precautions you need to take.  If you have had the sixty minute hands on lesson at the courthouse that Janet & Bob's Foreclosures LLC offers clients, you can investigate each of these potential problems yourself.  Janet & Bob's Foreclosures LLC can do this step for you if you like.  We charge $50 for examining a property with three or less files and $100 for over three files.  Whether you examine the files yourself or have Janet & Bob's Foreclosures LLC do it for you, you need to get an attorney to do a title search prior to placing a bid.  Only attorneys have the power to give opinion of title in North Carolina.  Your personal examination and Janet & Bob's Fpreclosure LLC examination are only preliminaries to determine the desirability of a foreclosure in Union County NC.  These examinations do not cover the detailed 30 year span that an attorney researches in a title search.

In the taxes owed column, a purchaser most pay those taxes to buy the property.  These are Union County taxes owed.  If the property is in the city limits of Monroe, you would need to check for city taxes as well. Items must be checked in the Deeds of Trust column to determine if the foreclosure loan is a senior mortgage.  By taking our hands-on-lesson for $100 you will be able to read this spreadsheet to separate senior mortgages from junior mortgages. In the Civil Cases column are a list of files that need to be examined because they could reflect liens on the property. Not shown here but included in the spreadsheet is a column to list any previous foreclosures of the owners.  This is most helpful for investors who are wanting to buy the property prior to the sale date. 

Questions? No problem. Remember the free mentioring that goes with a subscription to Janet & bob's Foreclosures.

Now that you have found a good property and throughly evaluated it with the help of Janet & Bob's Foreclosures LLC, it is time to get your attorney to do the title check.  After you get your attorney's approval on the property, you must plan your strategy for acquisition.  Once again Janet & Bob's Foreclosures LLC is at your side to assist you with the timing.  Some investors like to make their move in the pre-foreclosure period prior to the sale.  Remember that Janet & Bob's Foreclosures LLC e-mails you the complete names of owners, addresses of properties, and dates of hearings the day the foreclosure hearing is scheduled.  That is the best time for Pre-Foreclosure investors to contact owners.  Other investors prefer to wait until the auction.  Janet & Bob's Foreclosures LLC keeps you informed of auction dates and times in an easy chronological  listing. You can save 5% by placing your bid at the auction as opposed to placing an upset bid.  Other investors like to wait until just before the buzzer and place their bid during the 10 day upset bid period.  Janet & Bob's Foreclosures LLC provides clients with daily changes in upset bids.  The properties in this sample at the time these lessons were created had not yet entered the 10 day upset bid period, so that information is not included on the following sample spreadsheet.  Notice in the Sale Date and Time column how Janet & Bob's Foreclosures LLC will arrange the properties for you to be able to tell by each date what properties will be auctioned.  As part of our service we keep a calendar of the sale dates and times which we e-mail you daily.  There are alot of postponements when it comes to foreclosures.  Daily updates are vital to your success as an investor.  We are in the courthouse every day to provided you with the latest changes. The reason that the trustees are listed is because some trustees post their opening bids prior to the auction on their web sites.  Clients of Janet & Bob's Foreclosures LLC may request the web site addresses of trustees.  This support information is free to our clients. You may be able to go to the auction at the Union County courthouse knowing the opening bid.

 As new properties are added and new information is added to existing properties, changes are highlighted daily for easy recognition. In addition to the features mentioned above you will be able to click on a property address from the Title sheet and get further information on the year the home was built, square footage, map of location and sales and tax history. A hyperlink will take you to Zillow for this additional information.  You will find no other foreclsoure service that is as comprehensive as Janet & Bob's Foreclosures.  Homeowners Association Foreclosures are highlighted in red. Anything in red on the spreadsheet is a potential problem and merits due diligence. Our full range of free extended services added to our foreclosure spreadsheet make us a state-of-the-art service with local, friendly access.