The Best Ways To Look for Pre Foreclosure Listings

By
Real Estate Agent with eXp Realty California

Where to find foreclosures and pre foreclosure listing

There’s basically several ways you can look for a pre foreclosure listing. Be reminded though that you’re not the only one looking for this information. So putting a little effort on your methods goes a long way especially in finding a great pre foreclosure listing. Here are some methods:

1. Public Records: The Notice of Default (NOD), Lis Pendens or for a Notice of Sale would be the records you need to ask your County Clerk at your County Recorder’s Office. This is a foreclosure list that is already in the courthouse and is made public. Most of the information here may not even be posted online which gives anyone looking at it a advantage.

2. Look Online: Performing online searches are quite a bit easier than going to the Clerk or Recorder’s Office, but you certainly won’t be the first to find out about a pending bank foreclosure.

Typically you’ll need to use an online listing service, where you can either participate in a free trial or pay a weekly fee to view their listings. We recommend checking out the free trial offers so you can see which provider you feel best suits you. There are both national and regional foreclosure listing services, which provide Notice of Default, Notice of Trustee Sale and Lis Pendens data on properties in the foreclosure process. Many of these companies will provide information including name, address, loan amount owed, and additional loans outstanding, while a select few will even provide contact phone numbers.

Some of these companies will even provide listings of Bank REO Properties, but you can get that information for free online as well. Many of the large national and regional banks will list their REO properties on their websites.

There are also companies that provide a paid service for you to view their pre foreclosure listing list. A pre foreclosure listing is a bit different from a foreclosure listings since the former informs about people who has not gone through the foreclosure process yet. Usually these are people who missed two or three months of payments and are followed up by their banks. This makes the list more valuable over foreclosure list.

3. Search Local Newspapers: Once a property is in the foreclosure process, one of the legal requirements is to post a Notice of Sale in a newspaper in public circulation. This makes your local newspaper source of foreclosure list.

4. Bankruptcy Attorneys: You can look for bankruptcy attorneys and let them know that you can help their clients get rid of their liability. This is a smart way of obtaining a pre foreclosure listing. When dealing with an attorney you have to be persistent because they are very busy. Offer to take them out to lunch or dinner. It can’t hurt to try.

5. Find Government Foreclosures: Lastly, the government can also foreclose on properties. We’ve created a list of the various agencies that list government foreclosed properties.

 

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Dana Ehrlich

Luxury, Investor & Pre-Foreclosure Specialist

eXp Realty, California
DRE License #01402859

2701 Ocean Park Blvd., Ste 140 Santa Monica, California 90405

(310) 487-0099

dana@danaehrlich.com

www.bestsideofthewestside.com

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Topic:
Home Buying
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California
Tags:
pre foreclosure listings
pre foreclosure
short sale

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Rainmaker
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Margo Currie
Exit 1 Stop Realty - Saint Augustine Beach, FL

Thanks for a great primer on finding the pre-foreclosure properties.

Jun 20, 2011 08:52 PM #1
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