Foreclosure data provider
From Wikipedia, the free encyclopedia
Foreclosure data providers provide investors, real estate agents and mortgage brokers with the foreclosure data they need in order to pursue foreclosed properties. A good provider will have a good local understanding and focus, and will acquire the foreclosure data directly from the source. Data is typically made available in a downloadable format such as XLS (Microsoft Excel) or CSV (Comma-separated values) so the user can import the data into a database or investment analysis software.
When selecting a foreclosure data provider, it is important to look for a few key qualifications:
- First Hand Data Acquisition - Ensure that your provider is getting the information independently and not repurchasing the data from third party aggregators.
- Good Customer Support - Your provider should be available to answer any questions that you may have and should respond to inquiries in a timely fashion.
- Non-Competing - Be wary of companies that compete with their customers. Often these providers skim the best deals for themselves and only pass on the data they are not interested in.[citation needed]
