How to Search County Courthouses for Property Foreclosures
As you consider your financial portfolio, you may consider adding real estate. Some investors take advantage of property foreclosures in order to obtain real estate at a cost lower than what is otherwise found on the open market. A key element to succeeding in investing in property foreclosures is being able to identify and locate this type of real estate. One resource through which you can find property foreclosures is a county courthouse.
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Instructions
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Go to the court clerk's office located in the county courthouse. The court clerk's office is where all foreclosure cases are filed.
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Obtain a document request form from the clerk of the court.
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Prepare the document request form, asking the clerk of the court to provide you with the names of foreclosure cases filed within a specific period of time. For example, you may request that the court clerk retrieve the names of foreclosure cases filed in the previous month.
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Use the public access computer terminal, if one is available. A growing number of court clerk's offices provide public access computer terminals through which you can identify pending foreclosure cases.
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Tips & Warnings
Consider retaining the assistance of an experienced real estate broker. In this day and age, there are real estate brokers that specialize in part in locating property foreclosures for investors.
Before you close a deal on foreclosed property make certain you undertake all necessary inspections. Frequently, property in foreclosure is not well-maintained and can be in disrepair. By undertaking structural, electrical and plumbing inspections, you will be able to determine how much you likely will need to invest, in order to bring the property to an appropriate condition for use or sale.
