Behold the Art of the Foreclosure Deal on ForeclosureRadar.com
If you’re in California, you really should discover ForeclosureRadar.com. This new site for tracking foreclosures is top-notch for real estate investors, realtors, and mortgage brokers, alike.
ForeclosureRadar’s Sean O’Toole happens to be a good friend of mine. He’s lightning-sharp, an expert at buying at auction, and his site for tracking foreclosures is second to none. Soon, Sean says his service will branch out to other states. If you register now, they’ll send you an update when they get more markets online.
We’re thrilled by the buzz ForeclosureRadar.com has been generating both in the industry and in the mainstream media. Sean’s accomplishments here include feature interviews with CBS News and the ever-popular “60 Minutes” TV news magazine
“The foreclosure process has been shrouded in darkness for too long. Get-rich-quick gurus and disreputable list peddlers have thrived in this darkness, manipulating consumers and real estate professionals alike. People who needed help were hard pressed to get it,” Sean says. “We’re ending this.” Bravo Sean.
To accomplish this lofty goal, Sean’s started with top-notch data that covers properties in every phase of the foreclosure process, including pre-foreclosures, auction properties and those which are real estate owned(REO).
Armed with these tools, investors and othersno longer have to scrape together scattered information to make informed decisions. If you want to check out the goods, a free trial is available with registration, or, for a quick glance at what the site has to offer, you can check out ForeclosureRadar’s media reports on the California market.
Another great feature of the ForeclosureRadar site is a free online community forum where participants in the foreclosure market can interact more efficiently. Consumers find Realtors specializing in foreclosures; Investors source service providers; Lenders connect with brokers to move properties more efficiently. “It’s all there, out in the open, ” Sean says. And that’s just a good thing for real estate investors, it also can be part of the healing process for distressed homeowners.
Sean’s Blog addresses a number of the more intimate realities of the foreclosure process as well as some of the business solutions that could save the day for investors and homeowners alike.
“Foreclosure is an unpleasant process,” Sean says.”The are human beings behind the numbers. Those who want to get rich quick should seek other venues. It’s time to clear the air of hype.” And Sean knows what he’s talking about. Sean nearly lost his first home to foreclosure 20 years ago. With the help of a local Realtor, he was able to negotiate a short sale with the lender and move on.
Years later, after a building for himself asuccessful career as a Silicon Valley entrepreneur and executive, Sean returned to the foreclosure market — as an investor. It did not take him long to realize that the foreclosure data and tools he was forced to rely upon were sorely lacking. In purchasing more than 150 foreclosures, it also became clear to Sean that the marketplace itself was deeply fragmented in ways that harmed both consumers and real estate service providers.
This inspired Sean to assemble a development “dream team” from his days in technology and get to work. And for real estate entrepreneurs, Sean’s work on Foreclosure Radar emerges as a true work of art.
Tags: foreclosure radar, foreclosures, preforeclosures, reo properties