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Use Retran and take it easy...

Posted by Ward-CA- on October 31, 2003 at 10:46 PM

In Reply to: searching... posted by Lisa - CA on October 31, 2003 at 7:01 PM

: Ward,

: Love your advice! But how do I use my daily service (Retran, CCR) to find private-party junior bene prospects? It's like trying to find a needle in a haystack. I've spent more than four hours a visit at the recorder's office and all I get is a sore neck. Please help. Thanks.

====================

Lisa,

Your Retran foreclosure notice service is a fantastic assist in finding potential junior bene buyout (JBB) situations. The main reason is that it gives you ALL liens and encumbrances against the properties it reports to you.

So just by perusing the Retran daily notices you’ll know which particular foreclosure has the right JBB setup. And that is a foreclosing 1st which threatens to wipe out a junior 2nd on a property.

You don’t have to visit the recorder’s office to figure it out....just use Retran.


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