Where Are Pre-Foreclosures?
Up to this point I have always done wholesaling. I have heard of pre-foreclosures before but don't know where/how to find them. Would sherriff sales be considered pre-foreclosures or are they too late? Any help would be appreciated. 
"pre-foreclosure" is a commonly accepted term for a property whose "mortgage" has been foreclosed, the lender is seeking to repossess the property, &/or have a court of competent jurisdiction order the property sold to satisfy the debt... but in 'preforeclosure' ownership still rests with the Homeowner. Much depends upon the foreclosure laws, customs, and process utlized by your state.
If the property is ordered exposed for public sale, and the former lender takes back the property, it is then considered to be an REO, or, OREO.[ Edited by TheShortSalePro on Date 10/10/2003 ]
QBall:
Nice to meet you!
Try asking the clerks down at your local county courthouse if there is a particular paper which lists all the:
NODs (Notice of Defaults)
Mortgage Sales,
Sheriff's Sales and/or
Foreclosure sales for your County ???
Most often than not it is called something-county legal news or dail Law bulletin, etc.
Ask the Clerk in the recordation counter, (aka the recorder's ofc.) ---where would you go to place an AD or what is the preferred paper for your filing to go into???
If they play dumb...ask them for the name of an ATTY who does alot of these for Banks and/or mortgage note holders.
This should be a good start.
More and more counties around the U.S. are posting this pre-foreclosure info onto the WWW. So be sure to ask if this info can be viewed Online?
I hope this helps!
Derrick