Does anybody have leads on how to get access to distressed mortgage properties BEFORE they hit the market?
Is there any way to get leads direct from the banks?
Cheer
Colin
gosh vultures circling
A more useful reply…
I would suggest getting to know the person in the bank who deals with these. If they know what you're interested, they'll contact you. It's similar to telling the RE agent what you're after and thye call you before the property hits the general market. Although I'm not sure of the legal/ethical aspect of this but I can't see why it would not be allowed. Worst thing that can happen is you ask and they say no!
http://www.nmddata.com.au/ and http://mortgageeproperty.com.au/ are good places to start if you can't get on an agents contact list for mortgagee sales.
http://www.somersoft.com/forums/archive/index.php/t-40336.html is a discussion on the same topic so hopefully you'll find something useful there
Regards,
Derek
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