A Pre-foreclosure stage is the period before the lender sales the home at foreclosure action, due to the property owner’s inability to pay an outstanding mortgage obligation. Reaching pre-foreclosure status begins when the lender files a default notice on the property, which informs the property owner that the lender will proceed with pursuing legal action if the debt is not taken care of. At this point, the property owner has the opportunity to pay off the outstanding debt or sell the property before it is foreclosed
There are hundreds of pre-foreclosure listings published in newspapers and on real estate property websites that can make you go crazy. You can see these properties in pre-foreclosure listings orange country that offers a great deal in purchasing pre-foreclosed homes for sale. There are also local pre-foreclosure listings in newspapers and free foreclosure listings on websites where a property owner can advertise the property for sale. To narrow your search, here are ways in finding pre-foreclosed homes for sale.
- Public records for local pre-foreclosure listingsIn various stages of the foreclosure process, notices are recorded with the County Clerk at the Orange County Recorder’s Office. This information is public record and is available to anyone. Just visit Orange County’s office and you can search for a Notice of Default (NOD), Lis Pendens or for a Notice of Sale. The worst part of searching public records yourself is you have to do all the leg work, and find out who owns it, where it is, and what you need to do to buy it.
- Search Local Newspapers
Part of the requirement for filing a foreclosure is that the Notice of Sale be published in the Newspaper. If you search local papers and business journals, you can easily find notices for trustee sales in the Public Notice section.
- Find Asset Managers
You can also find REO properties through Asset Management companies. Simply put, these companies’ help lenders dispose of assets. Many of these asset management companies will provide listings of the REO properties that they represent on their website.
- Look Online Here
Typically you’ll need to use an online listing service like the one we are providing for orange country pre-foreclosure listings where you can find great deals on pre-foreclosed properties.
There are also free foreclosure listings to be viewed here on this website. We can provide State-wide and local pre-foreclosure listing, in which properties might have a Notice of Default, Notice of Trustee Sale, or Lis Pendens data on properties in the foreclosure process. This by far is the simplest process, sense we have done all the leg work for you. We can even provide you a map to the property.
Pre- foreclosure listings are good source of information where properties can be bought at an extremely low cost, if you know how to deal and negotiate well with the owner. The owner may be working to cure the default or to pay off the loan from a bank. Since the owner is in tight deal with the bank, he is eager to find someone who will pay off his debt and that might be you, the willing buyer. Considering these tips in mind will help you find a perfect pre-foreclosure home.
On this website, you will be having excellent tools that you need to search for pre foreclosed homes for sale, as well as professional assistance from our Realtors at Integrated Realty Group. Simply download the free list of Orange County pre foreclosure listings below. Make sure you check the list frequently, because we are always updating the list of pre- foreclosures that we are tracking, on a daily basis.
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