Our Philosophy
Fairplay Foreclosures was founded in 2005. We are a group of experienced foreclosure investors who have personally purchased and wholesaled well over a thousand properties. We are also licensed Real Estate agents in the States of Washington and Oregon.
Our focus is to provide our investors with invaluable data, training, and support. Fairplay is designed to put our clients on the fast track to success in this exciting and profitable business.
Our clients are able to purchase properties at auction with the assurance that their investments are solid. As a client, you will always be able to approach the auction with confidence — never having to "second guess" yourself.
As one of our clients you will be given access to our powerful website which has been created with incredibly sophisticated technology. You will gain "inside knowledge" which includes "up-to-the second" tracking of postponements, minimum bids and cancellation of sale. You will also be able to track property values, delinquent taxes, a full title chain, and have access to invaluable up to date photos on all properties in foreclosure.
Investors are able to maintain a list of "top picks" which can be updated with personal notes and research. This is extremely valuable information since many properties are rescheduled and you may be given a second chance to consider purchasing a specific property. You will be informed of the new sale date and your research always stays with the property.
On Tuesday evenings we meet with investors who plan to bid at auction that week. At this meeting you will be given in depth market analysis, title research and property condition reports. This will allow you to attend the auction totally informed and secure in your choice of investments.
Our Services
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As a Fairplay member, our web site is available to you 24 hours a day 7 days a week, anywhere you can access the internet. Up to the minute and accurate data is critical in this business. We have developed the following rigorous process for compiling our data and we have a dedicated staff to accomplish each task:
- Initial Data Entry
- We contact the County Recorder’s office each day to capture the Trustee data that begins the foreclosure process. Even if the auction isn’t scheduled to happen for several months, we enter the data the day it records. Property details are gathered from several locations and resources at this time and entered into each property profile.
- Title Information
- It is critical to understand the condition of title for each property before purchase. Our relationship with title local companies allows us to gather and input preliminary title information for each property. We gather information on deed position, liens, bankruptcies, and more to ensure our clients can make the most educated decisions.
- Tracking
- Sale information is very dynamic and can change at any time. For this reason we track all discontinuances, bankruptcies, opening bid amounts and other information that could affect the sale at auction.
- Web Site
- Our platform delivers a powerful tool that can be utilized to make investment decisions efficiently and with confidence. Not only is our data complete, accurate and timely; it also can be customized so you see the information that you need, the way you want to see it. Members are able to create favorites folders and track properties headed to auction. We’ll automatically send you updates via e-mail or text message on your tracked properties.
- Client Training
- Offered to each of our new members, our hands on training will show you how to utilize every feature of our web site as well as train you on the basics of buying foreclosure properties, finding the properties, and how to best utilize the skills all of the tools available to you.
- Lending Services
- Our parent company, Fairplay Funding offers cash financing for qualified buyers to purchase at auction with as little as 20% down. We also have programs negiotated exclusively for our clients with Guild Mortgage which allow investors to refinance their purchase based on the appraised value of the property without standard seasoning.
- Home Improvement Contacts
- Available to our members via our website, we have compiled a comprehensive list of trade professionals. This will be invaluable as you need work done on your property; whether it’s a quick fix up, a major fixer, rental property, or a primary residence we have you covered.
- Property Management
- Right now is an excellent time to build a rental portfolio. We can refer you to excellent property management services in every market.
Knowledge is Key
Knowledge is key and information is everything.
Without reliable and accessible information there is no
way to efficiently track and purchase properties at auction. Some important things to know include which
properties are scheduled to sell and when, the grantor's estimated debt, the position the foreclosing lien holder
holds on title, and any tax liability. Properties sold at trustee auction are sold “as-is, where-is”,
investors must do their due diligence to make sure they are protected.
Fairplay Foreclosures provides up to the minute,
reliable, and complete information allowing our investors to make the most educated decisions possible.