http://www.kenniffonline.com/deeds-for-profits/
Is there money is brokering foreclosed deeds?
From what I know, one might go to local courthouses, request the deed (or lein), take down all the information from that piece of documentation, and then present it to, I suppose, a property broker. They would then present an offer to the owner of the forclosed property. If the offer was accepted and the property sold to the broker, the person who went to the courthouse (say, the ‘researcher’) would also turn a a profit.
If the way i described this even makes sense (sorry, I’m not close enough to this field to explain it much better), is this something that is a viable income? Is it something that will be around for a while? Are there lots of these forclosed-deeds (especially in this housing market) from which a profit can be made? And how might someone go about connecting with a broker who works with these types of properties specifically? Is there a name for this type of work (other than ‘realty’)?
Thanks for any help …
The banks are usually in on this themselves. They don’t like competition so there isn’t any loan money for this.
Fun and Profits in Tax Forfeited Lands part1