Skip tracing for real estate involves locating a property owner. Trying to locate the owner of a property without knowing how to get a hold of them can be pretty frustrating. Typically, the United States Postal Service is not inclined to give you anyone’s address. Luckily, you can use skip tracing to locate property owners. But how does skip tracing work? And what relevance does it have in real estate? Read on to find out.
What Is Skip Tracing For Real Estate?
Typically, skip tracing refers to the process of locating a defaulter, fugitive, and any individual who cannot be found on a standard search. Skip tracing may also be used to locate a person you want to serve a subpoena. A skip tracer starts by going through various public resources, including utility bills, court records, public property records, DMV records, loan applications, and credit reports. If they do not find any helpful information from public sources, they may contact past or current acquaintances.
Often real estate agents will employ skip tracing when trying to find sellers to a property that has caught their interest. Skip tracing is an excellent way for real estate agents to locate distressed property owners and find excellent investment opportunities. According to Million Acres, in February 2021, there was a 16% jump in distressed properties in 29 states. With reliable skip tracing services, a real estate investor can benefit significantly.
Overall, real estate agents use skip tracing to find a property owner’s name, email address, phone number, and current address. Although, you will have to go a step further to get a property owner’s information if an LLC owns the property you want.
Is Skip Tracing In Real Estate Legal?
Skip tracing is both legal and ethical. Although it will be best that only skilled agents conduct skip tracing since it requires an excellent grasp of the legal and privacy issues involved.
It is worth stating that while it is legal to skip trace in all states, you must not break any law during the process. For instance, when obtaining the information, you should not access private records illegally, and you should not use any form of violence trying to acquire information from an individual. While there are no laws forbidding you to use the acquired information to find an individual, specific states have laws governing how to use information obtained from skip tracing.
The Do’s & Don’ts Of Skip Tracing
- Develop a plan beforehand
- Use the best skip tracing services
- Reach various homeowners
- Do not break any federal, local, or state law in an attempt of locating a homeowner
- Avoid searching through illegal or restricted access to collect the information of a property owner
- Do not use force or physical violence to obtain information
- Ensure you are not violating the Telephone Consumer Protection Act
- Do not contact anyone on the National Do Not Call Registry
Skip tracing is helpful for real estate investors who would like a good deal as it helps them gain an edge over their competitors. With skip tracing, you can locate properties that your competitors cannot get their hands on. When done right, skip tracing can help scale your real estate venture.
Now that you are well informed about skip tracing and how it works, consider leveraging the benefits of reliable skip tracing real estate services. Launch Control offers premium skip tracing services that guarantee up to 98% match rates. For more information, call us at [CONTACT] or visit our website and fill out a form and get started with skip tracing for your business.