Frequently Asked Questions (FAQs)

How does UpThree differ from other foreclosure databases?

We’re a local service — and we specialize in providing information that you won’t find anywhere else. Our data is more current, more accurate, and more complete than our competitors’ offerings.

Most database vendors simply download their information from the Internet, which is often filled with inaccuracies. Others acquire more accurate information from title companies; however, it’s often out of date. With UpThree, you have the edge over investors who acquire their information from these other sources.

How are you able to obtain your data so quickly?

Unlike other foreclosure data services, we go directly to the information sources in person and on a daily basis. Although this is an expensive and time-consuming process, it allows us to acquire the most current information available. This gives you access to the best investment opportunities you could possibly find.

What makes your information more accurate than other listing services?

We are the only company that physically pulls data directly from the most reliable and diverse sources. Thus, our information is not only current; it’s accurate. Don’t waste time chasing after deals whose figures turn out to be inflated, misleading, or that have already sold. We compile the most accurate data possible for you, so that you can pursue legitimate leads with the greatest likelihood of success.

Why do you provide so much information on the properties?

Success in this business depends on having quality information — information that’s not only timely and accurate but adequate, as well. You may not need to obtain every detail for every transaction, but our extensive experience has shown that the more you know, the better your results will be.

Missing data may require repeat visits to the source until you’ve acquired all the information you need for a successful transaction. This process takes time that could be better spent pursuing additional leads. Also, the specific data you’re missing may be the determinant that makes or breaks a deal. Why waste your valuable time pursuing an opportunity that proves to have been a poor lead in the first place? With all the available information at your disposal, you can make the best possible decisions.

How does your service work?

When you subscribe to UpThree, you’ll select whichever category interests you. For additional investment opportunities, you’re welcome to subscribe to multiple categories. Plus, you’ll receive discount pricing.

Whenever you want to check the active listings and latest updates, simply log in. You’ll have instant access to all the data currently available through your subscription. You can use the data to track the progress of any specific listing, down to the smallest detail. To see the wealth of information we provide our clients, view examples of our listings.

UpThree immediately posts the latest findings from our research, which we conduct every business day. If there haven’t been any changes or additions in the court records or other sources since the previous day, the data remain unchanged. So that you can determine whether updates have occurred since you last logged on, each category listing is date stamped at the time of its most recent revision.

After the foreclosure sale, the property listing is moved to the “archive” portion of our website.

How much does your service cost?

Depending on the category you select, you’ll pay as little as $69.95 per month. We’re also offering a special package rate. You can subscribe to more than one listing and receive a significant discount. Our prices are listed on our subscribe page.

Our information is of superior quality to our competitors. This means that you get more value for your money. And consider this: If you’re interested in investing in the greater Albuquerque area, why pay for information about properties that are located elsewhere? With UpThree, you get information you can use.

Still not sure? Then, here’s a no-risk offer you won’t want to miss! For a limited time, we’re inviting our website visitors to receive 7 days of UpThree data at no cost whatsoever. This free, no-obligation trial allows you to discover for yourself how valuable our service can be for your financial success!

How do I subscribe?

You can subscribe on line, in person or via mail. Our subscriptions are sold on a monthly basis, which are renewed automatically unless you decide to cancel.

Don’t miss another day of profit-producing information — Subscribe now!

General Questions

What is a Lis Pendens or pre-foreclosure?

Lis pendens is Latin for “suit pending.” It’s the earliest point in the foreclosure process when the public can be notified that a property is facing foreclosure action. Typically, the property owner is at least 60 days’ delinquent on the mortgage payments by the time this occurs.

What is the foreclosure timeline?

From the filing of the lis pendens to the auction on the courthouse steps, the process usually takes at least 4 to 6 months. If the foreclosure is contested, however, it may extend over several years.

What is a special master?

The law firm handling the foreclosure hires the special master, who’s an individual officially designated to conduct the sale in a manner consistent with state law. Upon the completion of the foreclosure auction, the special master sends a report to the appointed judge. This report describes the sale, and is called a “special master report.”

What happens at a foreclosure auction?

All real-property foreclosure auctions for Bernalillo County are held at the Bernalillo County District Courthouse, located at 400 Lomas Blvd NW. The special master begins the auction by reading the “notice of sale.” Following the reading, a “credit bid” is made on behalf of the foreclosing party (the bank). Anyone may place a higher bid, and the process continues until the bidding stops. In most cases, the bank buys the property for the initial “credit bid” amount.

What happens after the foreclosure sale?

After the special master files his report, the judge reviews it and then approves or disapproves the sale. This usually occurs in a couple of weeks, but may take a little longer. In most cases, the judge approves the sale, which ends the foreclosure process and starts the redemption period. If the judge believes the process was not followed properly, he can request additional information or invalidate the entire foreclosure.

What is a “right of redemption?”

Whoever has a vested interest in the property, such as the property owner or other valid claimant, can purchase the property from the winning bidder at the auction. This is known as the “right of redemption.” The party that holds the right of redemption can acquire the property by paying the purchase price at foreclosure plus 10% per annum and any taxes paid since the auction.

The redemption period is a minimum of 30 days, beginning from the date on which the judge approves the sale. It may extend as long as 9 months.

What is a Real Estate Contract (REC)?

A real estate contract is used when someone sells a property and carries the financing for the buyer. The seller acts like a bank on behalf of the buyer. The buyer makes a down payment and then pays monthly installments to the seller until the contract (also called a seller-financed note) has been paid in full. Sometimes, the seller decides he’d rather have a single, lump-sum payment for the balance of his contract, rather than continue to collect monthly payments over time. This represents an outstanding opportunity for the investor, who can purchase the REC at a discount, and get a rate of return that surpasses current market rates.

What if I have additional questions about UpThree?

Please email me at scott@upthree.com. I’ll do my best to answer your questions.