The Foreclosure Investment Software System That Seeks Out Equity and Profit!

Never miss a step on any property, as you progress through the entire foreclosure process.  Check off each primary item as you complete it, for an at-a-glance review of your progress.

You can even add any record to the Mailing List with a click!

Review all of the physical details of each foreclosure record, including the address, legal description, zoning, map code, dimensions, size, bedrooms, bathrooms, acres, year built and more.  

Quickly determine the potential equity, by analyzing the Debt-to-Value ratio, Total Debts and Total Value. 

Review Shark Bait's valuation and comprehensive analysis of the total value, including the number of sales comps found in the database for comparison, the Debt-to-Value ratios, amount of senior debts and liens, ratio of senior debts to value, sales history, comparable area property details and averages and the Assessor's tax data.

All the information regarding the loan in foreclosure is provided on this comprehensive form. There's even fields to enter the amounts of any other loans, mechanics liens, tax liens, judgments, and any past due property taxes. Shark Bait automatically calculates the total amount of all "debts & liens" so you can quickly and accurately determine if there is still any equity left. 

Add the date of each loan and Shark Bait will instantly determine the "probable loan balance", while ranking the relative position of seniority for each loan to the subject loan in foreclosure. 

Ready to contact the Trustee, here you'll have all the information, including the critical document numbers and dates.   Even the sale date and amount of the loan in foreclosure are displayed for quick reference when talking to the Trustee.

Contact the Beneficiary/lender with all of the pertinent information you'll need.  

Ready to contact the Trustor/owner of the property?  Here's all the information in the database.  Build on this data as you go, quickly and easily entering, or updating any field of information.

Take a digital camera along with you when you do your drive-by tour of each property and take your best shot. This will help you remember which one is which (after you've seen hundreds, it gets confusing), and be included in your Property Profile Report for reference by you or your investors. Once a digital image of the photo is on your PC, you can insert it into Shark Bait with a simple copy  /  paste function.  Take your own photo of the subject property, grab it off of the MLS. history for this property, scan it, or upload it to your computer; copy it, paste it, and it becomes a permanent part of that record.

You'll never overpay for a property with this information. This form allows you to enter the amount of your intended repairs to the property, your projected sales price and costs, and your intended bid or purchase amount. In an instant it automatically calculates your profit and "cash-on-cash" return on investment. Enter your comments on the specific improvements / fix-up that will be needed, amounts, details, everything you want to note about this particular property.

Let this built-in repair and refurbishment feature, help determine, analyze, calculate and budget virtually every item, in every category that you may need to fix.  The repair schedule even remembers your favorite items and their respective costs, so you won't need to enter the same information twice.  With this feature you could rebuild the entire house, and know what it will cost you.  

Take a digital camera along with you when you do your drive-by tour of each property and take your best shots. This form will help you remember which property is which (after you've seen hundreds, it gets confusing).  Add up to 6 photos, stored as: Front, Rear, Side 1, Side 2, Street & Other. You can even copy a photo from the MLS any property, paste it here and it becomes a permanent part of that record.

Create a location map in seconds, for quick reference and directions on where every property is.  Shark Bait links to Microsoft's Streets & Trips program (not included with the purchase of Shark Bait) for a seamless connection.  Watch Shark Bait automatically enter the property address into Streets & Trips, then find the area map, flag the property location with the address information and get it ready to paste into this form.   

Through away those sticky yellow notes that seem to add up.  Shark Bait provides you with an endless supply of space to enter all of your comments, regarding each record.