How Goliath Detects Pre-Foreclosure Before Official Filings
Discover how Goliath leverages real-time data and signals to identify pre-foreclosure opportunities ahead of the market.
Austin Beverigde
Tennessee
, Goliath Teammate
In the competitive world of real estate, gaining an edge is crucial for success. Goliath provides real estate operators with the tools they need to stay ahead, particularly in identifying pre-foreclosure properties before they hit the market. By harnessing the power of real-time data and advanced seller intent signals, Goliath empowers users to act swiftly and strategically.
Understanding Pre-Foreclosure Detection
Pre-foreclosure refers to the period after a homeowner has received a notice of default but before the property is officially foreclosed. Identifying properties in this stage can be highly advantageous for real estate investors and agents. Goliath's platform excels in this area by using a combination of life and financial signals to infer seller motivation and potential distress.
Real-Time Data Updates
One of the core strengths of Goliath is its ability to provide real-time data updates. The platform updates seller data hourly, ensuring users have the most current information at their fingertips. This capability is crucial for detecting shifts in a homeowner's situation that might indicate pre-foreclosure status.
Life and Behavioral Signals
Goliath tracks various life events and behavioral indicators that can suggest a homeowner's potential move towards foreclosure. These include life changes such as marriages, divorces, deaths, and job changes. By monitoring these signals, Goliath helps users identify motivated sellers early, allowing them to reach out before the competition.
Financial Context and Distress Indicators
In addition to life signals, Goliath enriches its data with financial context, such as distress indicators. This includes monitoring financial signals that might suggest a homeowner is struggling financially, such as missed mortgage payments or liens. By integrating these insights, Goliath provides a comprehensive view of potential pre-foreclosure scenarios.
Advanced Filtering and Custom Lists
Goliath's platform offers advanced filtering options that allow users to build precise, noise-free lists of potential pre-foreclosure properties. Users can filter by various criteria, including location, property attributes, price, equity, and seller motivation. This capability enables real estate professionals to target their efforts efficiently and effectively.
Location Filtering: Users can filter properties by city and ZIP code, allowing for targeted geographic searches.
Property Attributes: Filters include options for bedrooms, bathrooms, property type, and more, helping users refine their search to specific property profiles.
Price and Value: Users can filter by price point and estimated value, ensuring they focus on properties within their investment criteria.
Equity and Motivation: Filtering by estimated equity percentage and seller motivation helps prioritize leads more likely to result in successful transactions.
Automated Outreach and Nurturing
Once potential pre-foreclosure properties are identified, Goliath facilitates automated outreach and nurturing to keep prospects engaged. The platform supports multichannel outreach, including personalized calls, texts, and emails at scale. Automated follow-ups and drip actions ensure that prospects remain engaged throughout the process.
Smart Call Lists and Scheduling
Goliath generates smart call lists and provides instant summaries to accelerate actions. Built-in reminders and appointment management features help prevent leads from slipping through the cracks, ensuring timely follow-up and engagement.
Streamlined Deal Closing
Goliath's platform also supports streamlined deal closing with features like automated contract creation and tracking. A single live dashboard allows users to track every deal, notes, next steps, and instant updates, maximizing outcomes and ROI.
Digital Agreements and Document Tracking
Digital agreements support remote e-signing from anywhere, while digital document tracking provides visibility on what’s signed and pending. These features help minimize delays and keep deals on track during the closing process.
Conclusion
Goliath's ability to detect pre-foreclosure properties before official filings is a game-changer for real estate professionals. By leveraging real-time data, life and financial signals, and advanced filtering, Goliath provides users with a competitive edge in identifying and acting on pre-foreclosure opportunities. With automated outreach and streamlined closing processes, Goliath ensures that real estate operators can prospect, nurture, and close deals efficiently and effectively.
