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Answers (8)
- Joe Chen, "Joe C Chen"
- Contributions:219
A good buyer's agent can provide all of the information you are looking for.
We all have tools to provide accurate info for our clients.
We all have tools to provide accurate info for our clients.
- Terri Rigdon, "terririgdon"
- Contributions:102
The process varies from state to state. Basically, when a homeowner is in default on their mortgage, either a "notice of default" or "lis pendens" is filed in the public records. At this point, the property is in pre-foreclosure and will be headed for foreclosure at a future date only decided by the party to whom foreclosed on the property. Typically, this is a bank or mortgage company but can also be an individual who was the mortgage holder. Keep in mind that banks and mortgage companies will monitor the market for the optimal time to market these foreclosed properties. Therefore, when a foreclosed property is about the hit the market will not be public knowledge. I am certified in distressed properties. Should you want additional info, please feel free to contact me. Hope this helps.
- Simon Mills, "Mills Realty"
- Contributions:1858
If you are inquiring about a specific property you can research the property profile which will let you know if a Notice of Default of Notice of Trustee Sale has been posted.
- Kyle Ball, ABR, e-Pro, "Kyleball"
- Contributions:137
You can access the public defalut informaiton in almost every state. As far as if it is coming on the market there is not much you can do about that.
- Mellissa Young-Ramirez, "AgentMel"
- Contributions:1
California - 1. Call the lender's Loss Mitigation Dept or Asset Management. 2. Go online to County Property Records Research - updated information daily and in some cases same day. But it is fee-for-use type of service. 3. Look at the Notice of Trustee Sale to see if there is a phone number and/or website to go to for information on a sale 4. LPS Default Processing another online service that records the notices and publishes the details of upcoming sales. You can register for access for free, but it will only be of service if your lender uses them. 5. Last but not least, ask a local Realtor or any Realtor in your area. Hope that helps you.
- Pacita Dimacali
- Contributions:1254
in California, some of us access ForeclosureRadar.com which provides information pulled from public records that show whch properties were served Notices of Default, Notices of Trustee Sale...and which properties were sold or where the owners have filed for bankruptcy.
As for when it will go on the market, we won't know until it is listed for sale --- if it's in distress, hopefully the owners are trying to sell as a short sale. If it was foreclosed, eventually the bank's asset manager will engage a realtor to list it for sale.
As for when it will go on the market, we won't know until it is listed for sale --- if it's in distress, hopefully the owners are trying to sell as a short sale. If it was foreclosed, eventually the bank's asset manager will engage a realtor to list it for sale.
- Natalie Feldman, "nataliefeldman"
- Contributions:254
Sure, please provide the address and I can look it up, to see if there is a sale date or in pre-foreclosure status.
- David and Nancy Westgate, "Westgateshomes"
- Contributions:12
Hi, I can tell you how the foreclosure process works in MA, but it could be different where you are. There are postings placed in the newspaper to inform the homeowner and public that the mortgage is in default. The final notification will be for the auction of the property. It may be scheduled for a certain day but get postponed because of many factors. Once it does go through the auction process it can still be months before the home goes on the market. I deal with a lot of government owned (HUD) homes. Some of these homes have been vacant for 18 months before we start to market them. I hope that helps.
Thanks,
David
Thanks,
David
CAN I FIND OUT IF A HOME IS ABOUT TO BE FORECLOSED SOON OR IF IT'S ABOUT TO ON THE MARKET SOON
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