Properties are considered Active Investor Owned if the owner has multiple properties and at least one of those properties was purchased in the past 3 years.
Absentee owners who have owned the subject property for a long period of time.How is this identified? One of two ways: One, the landlord has owned the property for ten years. Two, there is no recorded transfer date from the county, which means the ownership predates the county record keeping or predates the date that data providers have received transfer date information. This will vary county-by-county and state-by-state.Why should I market to these leads? Bored Investors have often extracted a significant amount of income from these properties and may be looking for an easy exit where they can cash out and relieve themselves of the stress of being a landlord.
Properties are considered Flipped if they were bought and sold within the last 18 months. Intrafamily transfers are not included.
These properties have gone through the foreclosure process in their state and have been foreclosed on.
The same party who has occupied the house for the past 25 years is the owner of the property.How is this identified? Similar to 'Bored Investors,' but these leads include owners who live in the property. They have either owned the property for 25 years or there is no recorded transfer date from the county, which means the ownership predates the county recordkeeping or predates the date that data providers have received transfer date information. This will vary county-by-county and state-by-state.Why should I market to these leads? Long-Term Owners may be looking to move towards the next stage of their life - whether it is to relocate, down-size, or to cash out on any equity, these owners are a great seller lead.
These properties have been identified as properties that were potentially inherited either from parents-to-children or from spouse-to-spouse. The properties in this lead type are not guaranteed to be inherited, but show the characteristics of being so.How is this identified? We look for transactions where there was no mortgage associated with the property at the time of sale or transfer. If the last name of the buyer matches the last name of the seller, we flag these properties as being potentially inherited.Why should I market to these leads? Inherited properties are sometimes seen by the receiving party as a 'burden to bear' and a problem that they need to address. Whether the property is transferred by probate or by divorce, you may be the solution to their problems by reaching out to these leads in a tactful manner.Important Disclosure: This lead type will contain some false positives with properties that were not inherited. Properties that were transferred between spouses for tax and financial purposes, for example, could fall under this lead type. Another possibility is a coincidental cashless transaction between two parties sharing the same last name.
These properties are going through the foreclosure process, but have not yet completed the process.How is this identified? We receive notices from several counties when a foreclosure notice has been filed. The types of notices vary from state-to-state based on whether it is a judicial or non-judicial jurisdiction.These notices can include:Foreclosure Judgment EnteredNotice of DefaultNotice of Foreclosure SaleNotice of Lis PendensNotice of Trustee SaleWhy should I market to these leads? Homeowners in the foreclosure process are distressed and looking for a way out of their situation. An unfortunate life event is often the catalyst that puts an owner in a financially distressed situation. These homeowners are often looking for a solution that can provide them with a graceful exit.Important Disclosure: The foreclosure process is complicated and vastly differs from state-to-state and county-to-county. Frequency updates from individual counties varies from daily, to weekly, to sometimes monthly. For some counties and states, pre-foreclosure records are not deemed to be publically available. It is important to do your due diligence on pre-foreclosure properties to ensure it is still actively in the pre-foreclosure process. For more information about state foreclosure laws please refer to: https://www.nolo.com/legal-encyclopedia/state-foreclosure-laws
These properties have been identified as being vacant, thus there is no one living at the property address.How is this identified? The USPS (United States Postal Service) maintains a database of vacant properties, which we are able to obtain.Why should I market to these leads? A vacant property is a prime opportunity for a deal. There are many reasons why a home could be vacant, but the longer the property remains vacant, the more costs the homeowner has to incur to maintain the property, without the benefit of rental income.
These properties are in the pre-foreclosure process and are also vacant.How is this identified? If a property is in an active pre-foreclosure process and has been identified from the USPS as being vacant, this property is categorized as being a Zombie Foreclosure. For more information on Zombie Foreclosures refer to: https://www.nolo.com/legal-encyclopedia/zombie-foreclosures.html"Why should I market to these leads? Similar to pre-foreclosures, owners of Zombie properties are in desperate need of rescue. In addition to being under the stress of being in foreclosure, the process is often dragging on as the bank is delaying the process, leaving the home in an unwanted and, thus, unkempt state. Owners and banks are often highly motivated to work with a potential buyer to exit this property.
A type of lien that allows a lender or other creditor to claim the rental income from a property as collateral for a loan or debt. The lien gives the lender the right to collect the rents from the property in the event that the borrower defaults on the loan or debt.An assignment of rents lien is also different from a mortgage lien in that, an assignment of rents lien secures the loan by giving the lender the right to collect rents from the property, but the lender does not have the right to foreclose on the property.
A legal claim that is placed on a property as a result of a court ruling. The lien gives the person or entity that obtained the judgment the right to take possession of the property if the borrower doesn't pay the debt or judgment amount.
A legal claim that can be placed on a property as a result of a debt or obligation that the property owner owes to someone else. A general lien can be created in a variety of ways, such as through a court judgment, a contract, or by operation of law.
A legal claim that the homeowners association can place on a property for unpaid assessments or other charges that the property owner owes to the association. This type of lien is often referred to as an "assessment lien." The lien gives the association the right to take possession of the property if the assessments or other charges are not paid.
The same party who has occupied the house for the past 25 years is the owner of the property.How is this identified? Similar to 'Bored Investors,' but these leads include owners who live in the property. They have either owned the property for 25 years or there is no recorded transfer date from the county, which means the ownership predates the county recordkeeping or predates the date that data providers have received transfer date information. This will vary county-by-county and state-by-state.Why should I market to these leads? Long-Term Owners may be looking to move towards the next stage of their life - whether it is to relocate, down-size, or to cash out on any equity, these owners are a great seller lead.
A legal claim that can be placed on a property by a government entity, such as a city, county, or state, for unpaid taxes. The lien gives the government the right to take possession of the property if the taxes are not paid. Tax liens are typically placed on properties when the property owner has failed to pay property taxes, such as real estate or personal property taxes, on a timely basis.
A legal claim that can be placed on a property by a utility company, such as a gas, electric, water, or sewer company, for unpaid bills or fees. The lien gives the utility company the right to take possession of the property if the bills or fees are not paid.Depending on the state and local laws, the utility company may be able to disconnect service if bills are unpaid, they may also be able to add late fees or penalties, and may also be able to conduct a lien foreclosure on the property.
A legal claim that can be placed on a property due to the death of the property owner. It is a legal claim by the personal representative of the deceased person's estate for the payment of debts and expenses that were incurred after the person's death, but before the estate was settled.When a person dies, their assets, including any real estate they owned, become part of their estate and are subject to a probate process. The probate court will appoint a personal representative, also known as an executor or administrator, who is responsible for collecting and managing the assets of the estate, paying off any debts, and distributing the remaining assets to the beneficiaries of the will or according to the state laws of intestate succession.During the probate process, a lien may be placed on the property, which allows the personal representative to pay off any debts or expenses incurred during the process before distributing any remaining assets to the beneficiaries. The lien will be removed once the estate has been settled and the property has been distributed to the beneficiaries or sold to pay off any remaining debts.
A legal claim that can be placed on a property as a result of a divorce settlement. It is a mechanism for one spouse to ensure that the other spouse pays their share of debts or assets that are awarded during the divorce process.During a divorce, property and assets are divided between the spouses. The court may award certain assets or debts to one spouse or may order that they be sold and the proceeds divided between the spouses. In order to ensure that the assets are divided as ordered, the court may place a lien on the property awarded to one spouse. This lien will remain in place until the asset or debt has been paid or transferred, or the court orders it to be removed.Divorce liens are often used to secure the payment of alimony, child support, or other financial obligations that may be awarded during a divorce.NOTE: Divorce liens are typically placed on the specific property or asset and not on the whole property.
A notice of pending legal action that can be filed with the appropriate government agency, such as the county recorder or clerk, to place a lien on a property. The notice serves as a public warning that there is a legal dispute involving the property and that anyone acquiring an interest in the property during the pendency of the action does so subject to the outcome of the case.It's also worth noting that, a lis pendens can only be filed during the pendency of a lawsuit, once the case is resolved, the notice will be released and the lien will be lifted.It does not give the party that filed it the right to take possession of the property, it serves as a warning of a potential claim or interest on the property. It does not have the same effects as a regular lien and does not have the same priority either.
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