Locating Pre-Foreclosure Properties
Pre-foreclosure properties are an excellent investment opportunity for both new and experienced investors. While it may take a little more work to find them, they are worth the effort! Use this information to get started on your search for properties near you.
Online Resources
There are hundreds of websites that offer listing services for a monthly fee. Most of these also offer a free trial of 7-10 days. These listings are available for both national searches as well as regional searches. Below are some sites you may want to try. Use the trial period to find the best one for your situation or needs.
RealtyTrac.com
RealtyTrac offers a free 7-day trial to search for pre-foreclosure properties along with foreclosures, HUD, VA, notice of default and auction properties.
Foreclosure.com
Foreclosure.com is another site with a 7-day free trial available for searching REO, foreclosure, HUD, pre-foreclosure and bankruptcy listings.
Default Research
Provides pre-foreclosure listings accompanied with verified phone numbers.
ForeclosureFreeSearch.com
A nationwide database that offers a 7-day free trial for searching through foreclosure listings.
ForeclosureData.com
Search nationwide for pre-foreclosures, foreclosures, HUD homes, bankruptcies and for sale by owner (FSBO) homes.
ForeclosuresMass.com
A regional search service to locate pre-foreclosures in the Commonwealth of Massachusetts.
Chicago Foreclosure Report
This site offers regional listings for the Chicago/Cook County area.
Foreclosure Update of New York
Provides information on pre-foreclosures and upcoming auctions in New York City, Suffolk, Westchester and Nassau Counties.
Property Shark
Provides regional listings for 17 states including California, Ohio, Texas and Florida.
Individual Research
While there are plenty of properties available to be notified about, be aware that thousands of other investors are receiving the same notification. By conducting the research yourself, you may get a lead that has not been announced yet.
Public Records
The best way to get pre-foreclosure information before any national listings, is to research it yourself. Notices are recorded at the County Recorder’s Office with the County Clerk for each step of the foreclosure process. This information is public record and is available for anyone to review. Simply go to your county’s office and look through the records for Notice of Default (NOD), Notice of Sale (NOS) or Lis Pendens. While this method may be more time-consuming, it is the best way to find out about properties before others do - and it’s free!
Local Newspapers
All Notice of Sales (NOS) must be published in the newspaper as part of the foreclosure process. These listings of upcoming trustee sales are found in the Public Notice section. Search through business journals and local newspapers frequently to stay current on the status of local listings.
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