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Newspaper Print, Thousands of Links, or the Atlanta Foreclosure Report?

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By Stephanie Peay

Three Ways To Locate Thousands of Pre-Foreclosure Leads in Georgia

Yesterday I spoke with an investor who is beginning their wholesale business. They have been trying to locate individuals, to no avail, who are facing foreclosure. At first I wondered how they could possibly have a hard time finding pre-foreclosures. Right now, you don’t have to walk very far to find plenty of people in distressed situations. Then again, if you’re looking in the wrong place, you’ll never find them.

Well, that led me to the question I asked next… Where are you looking? His answer doesn’t really matter because it was in fact the wrong place. However, I don’t want you to have to search in the wrong place for the right answer. If you’re looking for a list of people facing foreclosure, you need to look in the legal newspaper in each county you are researching.

For example, in Fulton County, GA you would look for legal ads in The Daily Report. The Daily Report is the legal organ for the county. The corresponding paper for DeKalb County is The Champion. Each county has their own newspaper where the legal ads, including mortgage foreclosure listings, are published.

Some of the newspapers even have websites. The process is even easier for those papers because you can just point and click! The website for The Daily Report is a case in point. (http://thedailyreportonline.com) Once you get to the site click on “Legal Ads”, under “Public Notices” at the top of the page, then click “Mortgage Foreclosures.”

Once you get to the ads you can click on each one and gather the information you need. The ad on the site appears the same way it does in the physical paper version. You’ll be able to see the name of the homeowner, how much they owe to their lender, the address of the property, the name of the lawyer, and more. From that point you follow the process you have set in place to contact homeowners about purchasing properties or starting short sales.

If you’re like me, you don’t want to go through hundreds, if not thousands of ads, to get the information that you need each month. In Georgia, you have another option. It’s called the Atlanta Foreclosure Report and it’s published monthly by Equity Depot. (http://equitydepot.net)

The report is actually a database on their site where you can search for pre-foreclosure auction properties. It gives, the same information the newspapers do, however you don’t have to scan through each individual ad to get it. There is a cost to the service; however that cost is miniscule in comparison to the time you save. Plus, you can create mailing labels to homeowners or export the data into Excel.

Whichever method you use to get the information I hope that you found some value in this article. If you have any comments please feel free to share them, especially if you’re familiar with the Atlanta Foreclosure Report or the legal newspapers. Better yet, if you know of a better way to get this information, please let us know.

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Written by Stephanie Peay

October 13, 2009 at 3:44 pm