How do I search for commercial property foreclosures in the State of Georgia? (must be free)
Is there a search by county or search by state?
[{"id": "cy81zk8", "text": "Assuming your time is worthless, you walk, and don't need to replace your shoes for a while, go visit some courthouses. ", "replies": [], "depth": 1}, {"id": "cy85qzh", "text": "the actual foreclosure auctions probably publish a property list somewhere online.  At least here they do.  \n\nIf you want to find these before auction time you have to watch the foreclosure filings (which again should be online).  Note (again at least here) those just have the names of the parties and the amount.  You will have to look up the defendant with the auditor or pull the complaint to get the actual property address.", "replies": [], "depth": 1}, {"id": "cyfrhg0", "text": "In my experience with property databases, listing databases, etc, a one stop shop for finding commercial foreclosures in a given geography likely doesn't exist as a stand alone database. You are probably going to have to string together various searches across various systems or data sets.", "replies": [], "depth": 1}, {"id": "cyigfqg", "text": "You wrote that you'd just like to search -- Without knowing what you actually want to find or do, I'll take it a little further:\n\nAre you looking for REO to purchase or Notices of Default on commercial properties?\n\nIf REO, I've seen that most lenders will immediately place their assets with a broker for sale. But I've had much success finding properties by calling community banks directly and building relationships with their CFO or Chief Credit Officer. Depending on the size or the bank's risk profile they may also have an in-house asset manager to divest of criticized assets. LinkedIn will help you target these principals. \n\nI'm a capital provider, so my entry with these people is to offer loans or equity to help some of their borrowers that have maturity or technical defaults that they need to get off their balance sheets. I then let them know we buy assets. Whole loans and REO.\n\nFor NOD filings, as mentioned by other posters, best bet for a free solution is to hit courthouses in person. Or check NetROnline to search county records online. Your mileage will vary though because most counties don't have aggregated lists of foreclosures listed on their websites.\n\nYou may also contact and build relationships with real estate attorney's and accountants. They always have or know about sponsor clients in trouble, about to face foreclosure and/or about to use the BK nuclear option.\n\nIn my experience, receiving quality property data in commercial real estate is one of the biggest costs &amp; a huge barrier to entry for small and lean companies/individuals.", "replies": [], "depth": 1}]