How to find foreclosures in Springfield MO

There’s a lot of competition to find great deals on local Springfield MO foreclosure properties.

Finding them is only one part of the process – you also need to know how to capture them.

Here are a few secrets from the pros that we’ve used with great success on how to find great foreclosure deals in Springfield.

1. Comb through the same listings everyone uses.

There’s a lot of ways to access local foreclosure data in Springfield and your surrounding area – and foreclosure.com does a relatively good job of combing through default notices, bankruptcies, tax sales and distressed asset lists.  The main drawback with online resources like that is there tends to be a lag time in the time they get the info online… so the data can be a bit old sometimes.

2. Search the lesser-known publications sometimes used by smaller lenders.

Most of the publications in Springfield are indexed and captured online, but every once in a while a lender will mistakenly only publish in a smaller circulation if they think it meets the legal requirements.  These notices are the notices of default that lenders are legally required to publish in public record. Those are one of the first places you can find out about a foreclosure.

3. Establish great working relationships with at least one broker.

When you’re starting out as an investor in Springfield MO, you’d better not burn any bridges – especially with the power real estate brokers in this town.

The best of the bunch (and that’s a very short list) work with dozens of investors, and they know exactly who is looking to buy what property – they’ll call the ones that they know will close the deal without hassles to them. Once you’re off the short list of folks who get the calls, you probably won’t get back on it. There are too many credible investors looking for great deals for them to bother dealing with rookie mistakes. Interview a few, and make it your intention to give all your business to one person.

Make it clear what that broker must do to earn and keep your business, play fair and never compromise your integrity. If you have to fire that broker, do so with grace and it will be a learning experience for everyone. But don’t ever fire a pro on a whim. Be incredibly loyal and it will come back to you in countless ways over the years.

4. Find people before their properties are in foreclosure and help them before a default notice gets published.

This one is probably the hardest and most time-consuming method, but it is one of the only ways to avoid the competition of lots of speculators that descend upon any published foreclosure like vultures to a fresh kill. Speaking of which, you don’t win in this business by treating people like roadkill. Remember that your reputation is everything, and act with integrity.

People facing foreclosure are in very difficult circumstances, and they need help – not predatory behavior. When we’re able to help people negotiate short sales, lease options and other complex transactions, everyone wins – and no one loses. Behaving with integrity helps us to get amazing referrals and special deals that never hit the open market. People remember what we’ve done for them, and when their friends and family need similar help they send them to us.

5. Find niche specialists like our firm who know how to find foreclosures in Springfield for you.

We’re not real estate brokers, so we don’t sell information or give away crummy lists.

The properties we advertise are our own investments, so it’s a short but exclusive list.

We’re focused on building a small, tight network of long-term investors who want to purchase credible real estate investments in Springfield. We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business.

Sign up now, and we’ll send you great deals as we lock them down – we don’t spam or sell your information to anyone, and you can cancel anytime.

Give us a call anytime (417) 942-6000 – Let’s Discuss Your Investment Goals

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About Bryan Powers

I have been an Entrepreneur since the turn of the century in the music, restaurant and real estate industries. In November of 2014, I sold a long time family business and went full time with Family Home Solutions, a real estate start up company that I started in 2013 and had grown to 14 units. In our first month full time, we closed on 18 more investment properties growing our total units to 36 and I merged with another company who took the Family Home Solutions name and on January 1st of 2015, we had a combined 120 units and grew 300% to 370 units by the end of 2015. Our focus now is building our "turn-Key" business through wholesale acquisitions and expanding into multi-family properties Our goal for 2016 and beyond is to become a 7 figure wholesaling company with a rapidly growing turn-key lease property specializing in "option to purchase" for tenants. Within this model, we will incorporate an "elite" division for buyer clients who want to purchase vacation rental property. We intend to grow our internal hold portfolio through the acquisition of 50+ unit multi-family property across the country.

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