Briefly, when a homeowner falls at least three months behind on their mortgage payments, a notice of default is recorded and posted with the country recorder where the property sits. The notice of default is, basically, a warning that the property will be foreclosed on if the payments are not caught up within a reasonable or arranged time frame. If you can get your hands on a notice of default before the property goes into foreclosure, which is usually 90 days after the issuance of the notice, you can begin negotiating with the homeowner or the bank.
If you are looking to find a notice of default, then, you can simply access them at county records because they are freely available to the public. You may even be able to avoid a drive into the city, which can take time and cost money for parking, by accessing some of the public records online. At the same time, you can also go to the county assessor’s office to inquire about any properties with unpaid property taxes, which is a good idea because if you choose to move forward you will have to fill out an application and pay a small fee in order to bid on the property when it moves into that stage.
Speaking of the internet, there are also some websites that allow you to subscribe to Default Listing services. They might require you to sign up for an email newsletter or other auxiliary services so be sure you read the fine print before you finalize your request.
If you are looking to find a notice of default, then, you can simply access them at county records because they are freely available to the public. You may even be able to avoid a drive into the city, which can take time and cost money for parking, by accessing some of the public records online. At the same time, you can also go to the county assessor’s office to inquire about any properties with unpaid property taxes, which is a good idea because if you choose to move forward you will have to fill out an application and pay a small fee in order to bid on the property when it moves into that stage.
Speaking of the internet, there are also some websites that allow you to subscribe to Default Listing services. They might require you to sign up for an email newsletter or other auxiliary services so be sure you read the fine print before you finalize your request.
