馃攳
How to Buy a Zillow Foreclosure or Pre-foreclosure in Michigan. Can you buy them? - YouTube
Channel: Paul Wolfert
[2]
all right so I get this I get this
[5]
question a lot and the question is can
[7]
you help me buy a foreclosure and Zillow
[9]
or do you deal with foreclosures so it's
[12]
kind of a long answer here but yes I
[14]
help people with foreclosures as a
[16]
possibility the Zillow thing is is it's
[18]
a whole other animal and I'll jump into
[22]
the site real quick in just a second
[23]
here and show you what I mean first of
[25]
all it is really important to point out
[27]
what Zillow actually is and what it's
[29]
not the platform if you think that it is
[32]
there to help you find it by your next
[34]
house it's not the reason that it even
[38]
exists is to sell ad space to realtor so
[41]
anytime you see a a name on the side of
[43]
a home that's typically a real estate
[47]
agent paying to be there they might not
[49]
be associated with it at all or a big
[51]
team that's painting Zillow and Trulia
[53]
merged back in 2015 so that's one big
[57]
monster company so it's not even that's
[60]
not even really to some things you might
[62]
pay one lump sum and then they do the
[64]
thing in their realtor.com that's the
[65]
other one the more houses that they can
[67]
make look like they're for sale that's
[69]
where you see a lot of those different
[70]
options we'll go into where you can view
[72]
different things like foreclosures pre
[74]
foreclosures and things like that the
[76]
more that they can put there on the side
[78]
the more ad space they have to stop so
[81]
if you think about it like a freeway to
[83]
a freeway heading to your final
[84]
destination the more billboards that pop
[87]
up along which of those houses that look
[90]
like they're for sale the more space
[93]
they have to sell to real a person we're
[95]
talking every time you click when you
[97]
see that's take 100 bucks for just a
[100]
contactor
[101]
that's how much they're charging 100
[102]
more you know whatever it is it just
[105]
keeps so let me let me jump right into
[108]
the site so I can I can go over the
[110]
whole foreclosure thing and show you
[111]
what to look for on what to sort of
[113]
avoid when you're using those sites all
[118]
right so here we are inside everyone's
[119]
favorite real estate website right we're
[124]
in Zillow and we're taking a look at a
[126]
couple different things I went ahead and
[128]
ran a search for Livonia Michigan real
[131]
estate that's one of the areas of
[132]
primary work and primarily work is where
[134]
my office is at so figured it'd be
[138]
pretty easy for me to recognize some of
[140]
these so I have two things selected oh
[144]
let's go here so we've got potential
[146]
listings foreclosed there's 27 of those
[148]
which always looks attractive when you
[151]
are looking for a house then we have for
[153]
sale foreclosures now the for sale
[155]
foreclosures are usually going to be the
[158]
ones that are available in some way
[160]
shape or form you can buy those whether
[163]
it's going to it's an auction or or it's
[167]
listed by an agent as a foreclosure
[168]
there's six of those so those ones are
[171]
currently available now if we remove
[172]
that and we look at the ones that are
[174]
just for clothes these are ones where
[176]
somebody just didn't they didn't pay
[177]
their mortgage and you know it is a
[180]
foreclosed property so if you click on
[183]
it it's these are the ones that I get
[185]
questions on people will send me an
[187]
address I'll shoot me a screenshot text
[189]
it to me and they say can you help me
[191]
with this and/or they say that they
[194]
contacted the agent associated with it
[196]
now it's important to look at these
[198]
little notes here and it says this
[200]
property is currently not for sale or
[203]
rent the description below might be for
[204]
a previous listing so you see all of
[207]
this stuff and it makes it look like it
[208]
really is available but it's not this is
[211]
from when it was listed back in 2015 and
[216]
then you have over here well then it
[218]
makes it look like this guy is
[220]
associated with the listing but he's not
[222]
when it says contact foreclosure agent
[225]
anybody who can before I could be a
[227]
foreclosure agent you know the guy at
[229]
Starbucks who just got his real estate
[231]
license he can be a foreclosure agent to
[233]
it
[234]
there's no there's no special
[235]
designation that makes him a foreclosure
[238]
agent over anyone else so every time you
[241]
click on this and you contact agent
[244]
especially when you are dealing with a
[246]
team like this it just goes out into a
[250]
pool of people that work for him and
[252]
then they just they sort of contact you
[254]
they have no idea what house you're
[255]
talking about it doesn't you know it
[257]
doesn't matter to them they just they're
[259]
paying for your information to talk to
[261]
them so hopefully that clears some of it
[267]
up most of these are going to be the
[269]
same way I'd say 99.9% of them are going
[273]
to be the same where you click on one
[275]
and there he is again
[279]
he's the foreclosure agent he's not he
[283]
just so happens to be paying a lot for a
[285]
head space in this area so if you have
[289]
any questions about this or anything
[290]
else you can give me a call shoot me a
[292]
text or send me an email I look forward
[294]
to helping you soon Thanks
Most Recent Videos:
You can go back to the homepage right here: Homepage