Lis Pendens
Are Lis pendens the best way to find pre foreclosures? if there is a better way, please let me know. 
Are Lis pendens the best way to find pre foreclosures? if there is a better way, please let me know.
unless your best friend works in the loss mitigation dept. at the bank, then Lis Pendens is the only way I know..and best of all they are free to research
Chris[ Edited by cmon101 on Date 03/01/2003 ]
You can also look for Notices of Default (NODs) in Trust Deed states.
John (LV)
Thank you so much for your advice, it is much appreciated
cmon101,
You have an idea there, I'm going to make a best friend out of someone who works in the Loss Mitigation Dept. hehe...
Tanya
When people have asked me the 'best way' to get started... I usually tell them to take a series of part-time jobs... as a real estate salesperson, an appraisal apprentice, as a mortgage loan solicitor,
and even a property field inspector.
The property field inspector jobs are available just about everywhere and require nothing more than a car, a camera, and a willingness to drive all over the place and photograph houses whose mortgage loans are delinquent, in default, or in foreclosure.
Hmmmm. The lender or lender's property inspection company will send you a list of about 100 houses within your area, and will pay you to look at them, determine if the houses are occupied, or if there is a for sale sign planted in the yard and snap a photo....
Of course you can't tell them in your employment application that you are an investor/speculator or anything even remotely related to a real estate or foreclosure business.
Just a thought.