Also referred to as debtor or fugitive recovery, skip tracing is a word that is commonly used by bounty hunters and private investigators on investigative TV programs.
In most cases, the use of the term skip tracing in these TV programs revolves around searching for fugitives and holding them accountable.
What is batch skip tracing?
In simple words, skip tracing is the process of looking for a defaulter, fugitive, or anyone who can’t be found in their usual places like home, place of work, or entertainment spot.
A good example of how skip tracing is used is when a person defaults on a loan and goes missing. The lending institution might be forced to hire a skip to locate the defaulter.
The process of skip tracing is normally done by professional skip tracers who have experience and expertise in this field.
Is skip tracing legal?
Yes, skip tracing is legally acceptable. But there are instances when the process is regarded as illegal. For example, when a skip tracer uses illegal means to gain access to private information or apply violence to obtain certain information. The entire process will be deemed illegal.
What is skip tracing in real estate?
Skip tracing in real estate refers to the proof of finding out the whereabouts of a person. In the real estate context, skip tracing is normally used to search for property owners who are likely to sell their properties.
By trying to locate the property owners, real estate investors and brokers are searching for listings, wholesale deals, and investment opportunities.
Reasons why you need batch skip tracing software
- For planning purposes
As the old adage goes, failing to plan is planning to fail. This saying has a lot of relevance in skip tracing. A batch skip tracing software basically helps you to plan ahead. It is used to gain valuable insights into potential buyers and sellers. Whether you are into the purchase of wholesale property or you just want to list your property, skip tracing software will make your work easier.
- Obtaining leads
This is another major reason why you need to skip tracing. The software is used in acquiring vital information such as names and addresses of property owners who may be willing to sell their property.
- For organization
The real estate business entails a lot of things. That’s why it needs a system that is able to collect and organize information properly. A skip tracing software will help you to easily access vital information about sellers and buyers in different parts of the country.
- Research
Research is important in almost every business. However, it is not possible to conduct research without a proper system of software in place. This is where skip tracing software comes in. The software helps you collect all the relevant information that can be used to make informed decisions.
Batch skip tracing software offered by Deal Machine is a popular pick among real estate investors. The software has proved to be invaluable when it comes to providing information to investors.