FAQ

Q: How does TK Dewrell publish its foreclosure reports so fast?

A: TK Dewrell generates its foreclosure reports much faster than our competition by collecting our own data straight from the source. We parse foreclosure advertisements in county legal organs and cross reference and combine those records with data from our own title plant. Unlike most providers of foreclosure lists, we do not depend on a third party to gather information for us.

Q: Why is it important to have fresh pre-foreclosure leads?

A: A homeowner with substantial equity will be contacted over 50 times during the pre-foreclosure process. The key to successful foreclosure investing is being the first to approach the homeowner and seize the opportunity while it exists.

Q: What information is included in your report?

A: We provide a comprehensive list of properties currently advertised for foreclosure in each county. The reports reflect the auction date, borrower and owner names, lender, attorney representing the foreclosing lender with contact information, original amount of the mortgage being foreclosed, PIN number (sometimes called the Tax ID number), short legal description, fair market value of property, equity calculations (dollar amount and ratio), size of the lot in acres, square footage of the building, year built and zoning classification.

Q: Do the foreclosure reports include residential and commercial properties?

A: Yes, the reports include both residential and commercial properties advertised for foreclosure. The only advertised properties excluded are multiple properties advertised in a single foreclosure advertisement (a relatively rare occurrence) and foreclosure advertisements that do not identify a property address.

Q: Do you provide mailing addresses for homeowners in foreclosure?

A: Yes, we provide borrower names and property addresses that can be downloaded in Excel, making mail merging with letters, envelopes and labels easy.

Q: What are the benefits to subscribing to your foreclosure report?

A: TK Dewrell's Georgia Foreclosure Report represents the most current and comprehensive inventory of foreclosures available in Georgia. Although mortgage foreclosures are advertised in their respective county legal organ, the Foreclosure Report has a far more complete and detailed listing in an easy-to-read format.

Q: Why is there a charge for these foreclosure reports? Aren't foreclosures public information?

A: Mortgage foreclosures are published in county legal organs. Tax data is generally available online or through the county tax assessors' offices. TK Dewrell has taken the time and effort to gather, organize and publish this information and therefore charges a fee.

Q: What features does your online pre-foreclosure database provide?

A: Our foreclosure database provides a wide variety of resources. In addition to property and loan information, we provide the fair market value of properties, estimated equity and satellite photos of properties. Our database also offers advanced search options that allow you to find properties based on your selected criteria.

Q: How does TK Dewrell compare to the competition?

A: TK Dewrell foreclosure reports provides a unique combination of services that our competitors do not. In addition to providing the most up-to-date information, TK Dewrell goes one step further and gives you the tools you need to profit from our leads. By combining our timely and most accurate information with our state-of-the-art database, our clients enjoy a huge advantage over those who use our competitors.

Q: What is the status of foreclosure for the properties listed in the report?

A: The mortgages referenced in our report are in default and were advertised to be sold at a foreclosure auction for the first Tuesday of the following month. The borrower retains title to these properties until they are sold at auction on the reference date.

Q: Where does TK Dewrell obtain the data referenced in its foreclosure report?

A: All of our information is gathered directly from the county organ and our own title plant. We do not outsource. We control the entire data collection and distribution process from start to finish.

Q: How much does your service cost?

A: The cost of our services varies, depending on the county. Counties with more listings per month tend to be more expensive than counties with fewer listings per month. Please click the following link for more information about pricing: Coverage & Price

Q: Why does the TK Dewrell service cost more than others?

A: Although our foreclosure records are far superior, much more accurate and comprehensive and published long before our competition, all at a substantial cost, our reports cost substantially less than our competition.

Q: Do you offer long-term contracts?

A: No, our service is a month to month subscription.

Q: Do you offer a "first look" at your reports for additional payment?

A: Out of respect for all our customers, we do not offer a "first look".

Q: Do you offer a free trial?

A: Out of respect for our active clients, we do not offer a free trial. Sample foreclosure reports, however, are available here.

Q: How do I cancel your service?

A: All foreclosure listings are sold on a subscription basis. Canceling your service is simple. Simply E-mail us 5 business days before your next billing cycle.

Q: What are your terms of use?

A: You can find our terms of use here.

Q: What types of payment do you accept?

A: We accept Visa and MasterCard through our online shopping cart.

Q: What are pre-foreclosures?

A: A pre-foreclosure occurs when a property owner has defaulted on their loan payments. The foreclosure process is usually initiated by the property owner's lender in the form of an official "Notice of Default" delivered to the property owner followed by a foreclosure advertisement published in the respective county legal organ. The property, however, belongs to the owner until sold on the courthouse steps.

Q: When and where are the foreclosure auctions held?

A: Foreclosure sales take place by public auction between 10:00 a.m. and 4:00 p.m. on the first Tuesday of the month following the advertisement. OCGA §9-13-160. If the first Tuesday is a holiday, the sale must be conducted on the first Wednesday. OCGA §9-13-161. Each foreclosure report will indicate the exact date of the auction. All auctions are conducted on the courthouse steps in the county where the property being foreclosed is located.

Q: How do I pay for properties at the auction?

A: Cash or certified funds.

Q: How do I know if there are other liens on the property?

A: Any property listed in the Foreclosure Report may have liens, unpaid taxes, or mortgages in addition to the one being foreclosed. Investors should conduct a search at the County Recorder's Office. Attorney's Title Insurance Corporation will run a full title search for $125. Order a search online at http://www.attyti.com.

Q: What happens if no one purchases the properties at the foreclosure sale?

A: The bank will buy the property for the amount of money the bank is owed on its mortgage. The bank may then sell the property through normal means, usually using a real estate agent.

Q: What should I be aware of in buying foreclosed properties?

A: Foreclosed properties are sold in "as is" condition. No one is required to perform any repairs upon the premises. Expect to fix up the property once you own it.

Q: Can investors make money buying foreclosure properties?

A: Many foreclosure investors have made substantial profits and some have incurred losses. As with any other investment, there exist many risks associated with the purchase of properties at a foreclosure auction. You should consult a seasoned foreclosure investor and/or attorney before purchasing properties advertised for foreclosure.

Q: Can I contact the owner of a property currently in foreclosure before the auction?

A: Yes, there are three options when contacting an owner who is facing foreclosure:

	1.	Phone
		Advantages
		- Cost effective
		- Less time consuming
		- Safe
	2.	Direct Mail
		Advantages
		- Ability to deliver various pieces of mail without being overly aggressive
		- Gives you the opportunity to wait for the owner to call you
		- Safe
	3.	Door Knocking
		Advantages
		- Ability to talk with the owner face-to-face
		Disadvantages
		- Time consuming
		- May be dangerous
		- May scare the owner

Q: Who uses your services?

A: Our timely pre-foreclosure information has been used by:

	•	Individuals looking to buy their own home at significantly discounted rates
	•	Investors who wish to achieve the best buy at below market prices in order to increase their profits
	•	Real estate agents interested in reaching the seller quickly in order to be the first to list their home
	•	Lenders seeking new borrowers, as default owners need a loan intermediary and a new loan program
	•	Consumer credit counseling agencies looking for new customers
	•	Attorneys who assist the homeowner in making the best decisions both during and after the foreclosure process (i.e. bankruptcy and protection of personal assets)