Track Down The Elusive Homeowner - Bloodhound Style - Real Estate Investing Trick
Below is a MRR and PLR article in category Finance -> subcategory Investing.
Track Down the Elusive Homeowner - "Bloodhound Style": A Real Estate Investing Guide
Summary
Discover the secrets to locating the owners of abandoned properties. If you're investing in foreclosures, vacant properties, or code enforcement liens, you'll encounter homes with missing owners. Here's a step-by-step blueprint to help you track down every "missing person" and collect those valuable checks.Article Body
Vacant and boarded-up houses are goldmines for quick flip deals. The owners have often abandoned these properties, leaving them to deteriorate. Ideally, they should be eager to sell, but sometimes they seem to have vanished. However, in this digital age, it's rare for someone to be truly untraceable. Every homeowner leaves behind clues, and with a systematic approach, you can piece them together. Follow this ten-step plan to increase your chances of locating missing homeowners.Ten Steps to Finding Homeowners "Bloodhound Style"
1. Flyer and Sign Placement
Place a flyer on the door stating your interest in buying houses in any condition. Stick one of your "I Buy Houses" signs in the front yard.
2. Talk to Neighbors
Engage not just immediate neighbors but extend four houses out in each direction and across the street. Gather bits and pieces of information. Leave your card and offer a reward for any useful details they might recall later.
3. Use Whitepages or 411
Search online or use directory assistance to locate about half of the missing owners.
4. Visit the Tax Assessor’s Office
Check where tax statements are sent. Run the owner's name to see if they own other properties, which might also have new addresses.
5. Check Court Records
Search all recorded documents and court indexes for insights into the owner's situation. Look for divorce filings, loans, liens, lawsuits, or garnishments. If they are incarcerated, you might find information through arrest records.
6. Send a Letter with "Address Service Requested"
Handwrite the address and use regular postage. This can help track down forwarding addresses.
7. Hire a Skip Tracer
Services like "FINDTHESELLER.COM" can locate people you can't find with limited information. While you wait, continue using other methods.
8. Call Relatives
If the last name is unique, call others with that name in the area. This approach can yield surprising results, though it's less effective with common surnames like "Johnson."
9. Check Voter Registry
This can offer updated addresses.
10. Keep Files Organized
Place any leads in your file for future reference, in case new information comes up, such as foreclosure notices or additional calls on your sign.
By diligently following these steps, you'll enhance your chances of tracking down elusive homeowners and securing profitable deals.
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