Auctions Workflow helps you manage the process of investing in properties going to trustee sale. As a trustee sale investor, your due diligence is critical to your success, and usually involves a number of steps.
For example, some of the steps an investor may use include:
Viewing the property details in PropertyRadar to screen for initial interest.
Once that is determined, visiting the property and taking photos.
Running comps to determine value.
Or, researching title to avoid risk, might be a part of the process.
Auctions Workflow helps you manage your steps, initially by allowing you to define your own Status Names (your steps) in your workflow. Auctions Workflow keeps track of where each property scheduled for auction is in this process, using these Status and Workflow features.
To set up your Workflow, you'll first change Status names, then choose Workflow columns you want displayed. Finally, see the 'big picture' by understanding your Auctions Workflow.
To open the Auctions Workflow:
Select Auctions from the Main menu.
The Auctions Schedule window is displayed.Click Workflow.
Your Auctions Workflow is displayed.
Setup Your Workflow
Auctions Workflow can be setup with your business processes by changing the Status Names, and choosing the Workflow columns you want displayed, using the steps below.
Change Status Names
Edit column headings according to the Status Names you want (ie. that work for your business process). You can change the default Status Settings using the following steps:
In the Auctions Workflow window, select the Columns menu, then click Edit columns status name.
The Status Setting window is displayed.Change the names of the Status labels according to your process.
Click Update.
The Column headings in your Auctions Workflow are updated with your changes.
Choose Workflow Columns
You may want to only show certain columns in Workflow. To change your Workflow columns:
In the Auctions Workflow window, select the Columns menu.
Click Choose columns to display, then select the columns you want in your Auctions Workflow window.
The Workflow is updated with your selections.
Understanding Your Auctions Workflow
After updating your Status Settings and the Workflow columns, you'll see your Workflow. Using the Auctions Workflow window, you manage your properties going to auction. There are several features you can use to manage your Auctions Workflow:
Click on the address to see the property details. This can help you to determine if you want to investigate further, or not, depending on your business strategy.
Click the arrow to select the column where you want the property in your Workflow.
Select the county for which you want to view properties potentially going to auction.
As you move properties through the workflow, you manage your business process with ease. Keep track of your potential investment interests, don't miss the right opportunity, and improve the odds of success.
A complementary way to use PropertyRadar, is to consider setting up Lists using Discover for each status, to send alerts to your team when something is assigned to them.
The trustee sale of real property at public auction is a part of the non-judicial foreclosure process. Trustee Sale Tracking using ForeclosureRadar is available in Arizona, California, Idaho, Nevada, Oregon, Utah, and Washington, for Track and Complete Track subscription users (Pro users get a free preview). Please contact Support for further information.
For additional information about Auctions, refer to Using the Auctions Schedule, and Using the Auctions Calendar.