When the bank decides to foreclosure on a homeowner’s property, they file what is often called a Notice of Default or Notice of Trustee’s Sale. This is done at the local county courthouse of the county that the respective property is located in. The bank sends this notice and it is posted as public record. That means that anyone who can find the county courthouse records can see this public information.
If you’re going to be a PreForeclosures investor, knowing what new foreclosures are being filed at the county courthouse is very advantageous. It gives you the inside track as to which new foreclosure filings are being recorded in your respective county.
There are many different methods to gathering this data. The first, and most obvious i View the rest of this article
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