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Foreclosure Truth #16
Buying foreclosures is not a get rich quick scheme, and even the best pros rarely "save 50%" as the hucksters claim.
Foreclosure Software
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Until now, managing your foreclosure files either happened on paper, or by using expensive, antiquated, difficult to integrate software. ForeclosureRadar offers the features of expensive software with nothing to install and no ridiculous data import/export headaches. And being web-based, you can now access your data from anywhere.
Save and Manage Properties
You can easily save and manage any property in foreclosure by simply adding it to your "My Properties" list. My Properties allows you to quickly see status, interest level, value, investment, and estimated profit for each property you have saved, you can also add your own tags, photos and notes. Think of it is as the dashboard for monitoring your foreclosure business. Once a property is saved, it's highlighted in the search results, so that you can easily identify it.
Calculate Your Profits
Quickly and easily analyze investment and listing scenarios to determine potential profits and losses. Investors can quickly compare reselling vs. renting using "subject-to", auction, or traditional purchase strategies. Realtors® can use our simple net sheet to see potential short sale losses. Further, you can set default values for typical costs, like repairs per square foot, to quickly screen properties; while later doing the detailed analysis you need before making a purchase.
Whether you are an investor buying to flip or rent, or a real estate professional checking for sufficient equity for a loan, sale, or short sale; our powerful analyzer gets the job done. It even takes into account other outstanding loans and liens, and adjusts the calculations for advanced auction and subject-to analysis.
Track Your Status
Lower your costs and spend less time fumbling with what to do next, by organizing your foreclosure research around a checklist you define. Each property can be set to a user-defined status so that you can see exactly where you are within your research, purchase, listing, or sale process.
The Power of Tags
Tags are a very simple, but powerful way to organize your saved properties. Tags allow you to organize properties using any text you define—a client's name, investment type, neighborhood name, or anything else you choose. Then go back, and simply search for all the properties with that tag.
Add Photos and Notes
Add photos and notes to any property easily. Notes are date stamped so you can track all the information you learn about a property over time. Store any number of photos, and browse them whenever you need. You can search for properties that have photos and notes, or that do not yet; and also, search within the notes themselves.