60-90 day "Late List"

[Memphis Investor]

I'm trying to find a way to get fresh qualified list of homeowners who are 60-90 days late in payments. This list would encompass true pre-foreclosures, weeks before the public notices are filed.

I've tried Googling to no avail. Does anyone have any ideas?
??? ??? ???
Thanks!
-JC

[swgprop]

Mortgage delinquencies are not public information until foreclosure is initiated.  Credit agencies have this information but I doubt it is for sale.

[71tr]

Banks obviously have lists of their mortgage customers who are 60-90 days past due but likewise this is not public information.  

[WaInvestor]

Make business contacts and or friends with as many mortgage brokers as you can. They can’t tell you who these people are but they can refer them to you if the broker is not able to help them.  Also befriend as many real estate people as you can they will also refer people that have late payments that they know they will not be able to sell the house and collect a commission.  
Just make sure you make it worth there while when you get a good deal from them.

[kikaider69]

There are two providers, one of which is Guaranteedlists, they wouldnt tell me the other.  FYI, this will only work if you have deep pockets. wainvester is correct.  I made friends with a mortgage broker who turned me onto a 60 day late, which turned into 90 days this month.
steve

[Memphis Investor]

Thanks to everyone!

[stopforeclosure]

Do you know a price per lead?  Quanity you must order?  Can orders be split?

[njss]

The King

http://www.mortgagelists.com/asp/datacard.asp

Remember when you hit them early (proactive mining) most are not YET "motivated".  Purpose is to BRAND your name into their head b4 others do.  Repeated AIDA mailings do the trick

Attention
Interest
Desire
Action

Show them how you can BENEFIT THEM.  Don't just say "I buy houses fast cash" zzzzzzzzzz...They'll just think "well bully for you, what's in it for me!? " and put it in the you know where.

Think before you mail...think think think! 

[SaraJones]

I contacted one of the list sellers noted in this series and they pull their information from the 3 credit bureaus.  So, when someone is reported as 30 days late with Equifax, for example, their name gets pulled onto the list.   The minimum # to purchase is 5000 at about 32 cents per name.  You can get them to run either a 30, 60 OR 90 day list depending on how far out you want to start contacting.  Does anyone know how long it takes between the time you miss a payment and the time it's reported late to a credit bureau?  I don't want to buy a 60 day late list if it's actually been 90 days.  Does that make sense?  Also, does anyone know when a NOD is issued by a lender (in terms of # of days late) or does it vary?  Thanks for any feedback!

[njss]

NODs usually go out after 3 months missed payments.

I like the "exhausted credit" one here
http://guaranteedlists.com/mortgage.php

That's got to b an indication someone close if not already in FC (if they also own a house)

[D-Llama]

Sara,
Which provider did you call that is charging $.32 per lead with a minimum of 5,000 leads purchased?

Could you list the name and website, if any?

Thanks!!!
Dallas

[SaraJones]

I touched base with guaranteedlists.com.  They can break down the names in a multitude of ways.  The rep I spoke with said that the 30-60-90 late list is popular....Hope this helps!

[fadi]

I have an apt scheduled to talk to Guaranteed List on Friday, if you guys have questions for them, let me know and I will ask them.

If the list is 0.32/lead is not bad if the list is clean and up to date. You are getting targetted fertile list with good potential for response. Of course now you have to deal with catching up their payments and having the initial marketing investment. A post card campain to 5000 leads can be expensive specially when you are doing multiple hits.

[SaraJones]

Yes, marketing to this group will be costly but hopefully will pay off more than just a general marketing to everyone/anyone.

We actually went up to 10000 addresses; got a discount.  We can get the first 5000 now, mail and then request the other 5000 (they will be pulled when we request).  We did this because it will take us a little time to mail the 5000; the second 5000 will be fresh when we request.   You can also request those only in SFH's as well as a specific type of mortgage (100?% with 1 lender vs 80/20).  Takes 3-5 days after we send payment.  They will either email the document for you to print the labels or they will mail you the labels, already printed.

[Tara66]

Has anyone had any luck with www.dataquick.com?