It’s the same old story. I have heard this story dozens and dozens of times. You have found the perfect house, located on a perfect piece of property in the perfect area. One problem…you have not found the perfect seller. In fact, you cannot even find the owner or seller.
Having a hard time locating your seller? Say you know the house you want to purchase is vacant. You know for a fact it is empty. And you also know that the owner is vacant from life as well. You cannot find the owner, and you are unable to get any forwarding information.
Most of you would prefer to contact the bank directly and not have to work thru the seller.
Of course you would-we all would! It’s easier, and let’s face it-you remove the seller and you remove the hassles! Wrong? Completely wrong. All wrong.
As much as you would like it to be true it just isn’t. The bank cannot sell you the house. Let’s face it-it really won’t do you a bit of good to contact the bank. Now if you are having a hard time locating the owner, there are a few things you can do to help with the situation.
The first thing you can do is physically track down the owner. That’s right-find a local skip-tracer to actually track down the owner for you. Now keep in mind, it may cost you a few bucks, but if you have a great deal that looks as if it will pan out….in other words…if you smell a deal, isn’t a few extra bucks worth it?
Now I’m not suggesting you do this with every deal. In fact-you can’t do this with every deal-it wouldn’t be economical. The second thing you need to remember is that the owner may not have skipped town (regardless of what is owed on the home). He or she may just have moved. It could be that simple. Realize that information you received is based on what someone reports. Anyone ever been between houses? I sure have. A personal location or residence can be up in the air for months, so it may work out the best to hire someone to help locate the owner. Either way -you have to find that seller!
Author's Bio
When it comes to real estate investing, I highly recommend information from Ron LeGrand . For vauable information regarding investing in homes visit RonLeGrand.com. You can also find useful investor resources in the free newsletter at MillionaireMakerNewsletter.com
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