| Where do I find good raw land? |
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| Written by Kennedy Funding | |
| Friday, 05 January 2007 | |
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You can start your search by contacting farmers, investors, real estate agents, state and federal agencies, cities with odd lots they need to put back on their tax rolls, bureaus of land management, federal marshals, tax sales, bank foreclosures, developers, property heirs, the elderly, and family and friends. Property is often advertised through newspaper ads, real estate brokers, For Sale by Owner signs, flyers, bulletin boards, the Internet, etc. If you want to find the deals, then you’re going to have to dig for them. And you may want to visit the county clerk/recorder's office to search the public records for the following: • New probate filings, use them to contact heirs • Eviction proceedings to contact out of state landowners • Arrests - these people may need money and may also be going away for a while. • Bail bondsman who may have forfeited collateral in the form of land. • Divorces filed, leading to a division of assets • New guardianships to contact disinterested heirs. • Deeds in lieu of foreclosure, private sellers may in turn sell it to you. • Lis pendens means litigation pending, often signaling foreclosure. • You will most often be contacting many of these sources by writing to them. Don't get discouraged when you don't get immediate replies. They’ll come with persistence. The smart ones will get on lists and pay services to monitor many of these potential sources. But good old-fashioned detective work does pay off. When researching in this manner, secrecy is one invaluable tool, and fast action using cash is another. |
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