Do you want to increase your profits? Be the first! Let me ask you a few questions. How fresh is the data you get? Are you the only one that has this info? Or does everybody else has it too? In real estate nothing increases profits better than to be the first one. This is especially true in the foreclosure and short sale business. In this business you want to be the first one, the only one, and you want to be there at the right time. If you are looking for this kind of opportunity you have arrived to the right place. At Rapid Foreclosure Data we provide you the huge advantage of being the early bird and the only bird. You are the first one to know You are several months ahead of the competition Your marketing costs are lower And you have minimal competition. Like this, of course you will much higher success rate The reasons are simple. With Rapid Foreclosure Data you get: Accurate foreclosure information at first indication of default. You are most likely the only one with the information. We only sell each data set once, and to only one client. Because of this your competition is minimal You have much more time to close Therefore you will close more transactions The result: Much higher profits for you. Not all foreclosure data is the same Someone that is up to this particular moment current in mortgage payments but about ready to miss payments is in pre-default. Once that person defaults, the banks that financed the property will attempt to collect or have the homeowner reinstate debt payments. At this point, the property owner is in collections and the default is not public record yet. All this happens pre-public record. Once the collections and reinstatements efforts are exhausted, the creditor will start foreclosing. It is then that the creditor will record a Notice of Default, the N.O.D. With the vast majority of institutional creditors this process takes at least 120 days. After the N.O.D. recording the property owner is in what is known as “pre-foreclosure” or “in-foreclosure”. This means that the creditor is presently taking the legal actions needed to actually foreclose the property. Since this information is recorded at the local county records, it is public record data. The vast majority of foreclosure lists are obtained from public records. The property owner needs to resolve the foreclosure situation. If not, the property will be sold the day of the established foreclosure sale date. Emotions Drive Decisions Everybody knows that residential real estate is a highly emotional business. Emotions drive decisions! In an appreciating market, owners of over-mortgaged properties in foreclosure want to hold on until the very last moment. Their hope is to either sell at a profit or refinance. To them there is a potential reward for this effort, so they do not want to let go. In an appreciating market most selling decisions are made at the last moment. In a depreciating and even stable market owners of over-mortgaged properties want to get rid of the property soon. In depreciating markets owners of over-mortgaged properties only see is cost and loss. There is no reward for them to hold on to the property. They will soon want to just let the property go. The best moment to connect with them is as soon as they default! Rapid Foreclosure Data lets you be there at the right time! Every body else’s data comes from public record because it is obtained after the recording of the notice of default. This data sold to everybody. Rapid Foreclosure Data is available at first default indication, before everybody else knows about the default. Rapid Foreclosure Data is available at the 30 day late, 60 day late, 90 day late, and 120 day late credit bureau reporting benchmarks. All this is prior to public records. Public record foreclosure data is available to everybody. That is why there is so much competition. Public record foreclosure lists are cheap but with so much competition the response rate of this list is super low. At the end, the cost of obtaining a client is high. That means obtaining of opportunity is actually very expensive. Public record foreclosure lists are less profitable. You pay for what you get. With Rapid Foreclosure Data, most likely, for a few months, only you know your area defaults. We only sell the data once! You have minimal competition. Although Rapid Foreclosure Data appears to costs more, it has high response This way the cost of obtaining a client is low. That means inexpensive cost of opportunity. Early starts result more consummated transactions. This translates into better earnings. Rapid Foreclosure Data is much more profitable. Subscribe to Rapid Foreclosure Data. You will be the first one. You will be the only one You will be there at the right time You will get a lot more profit! ###### Please contact Oscar Mornate for Permission to post this article on your site. Credit for the article must be give to Oscar Morante, Best Short Sales (C) 2006 Advanced Real Estate Concepts, LLC., Portland OR. All rights reserved.