Foreclosure Lists & Data

ForeclosureRadar brings a unique approach to foreclosure lists and data, and adds valuable information that simply isn't available from any other source. By updating our foreclosure lists with auction results each day, our data stays far fresher than any other source.

The Data We Collect

Notice of Default

This is the first notice filed in the foreclosure process, and is our starting point. From this document we find out how far behind the owner currently is in their payments (default amount), at a given date (default date). We also gather whatever information we can about the owner, the property, and the loan to which the notice pertains. And we complete our file by adding further property data.

Notice of Trustee Sale

This is the second notice filed in the foreclosure process, and it is where we find the auction details, sale amount, sale date, sale time, and sale location. We don't treat this as a separate file, like all other foreclosure services do; instead, we match it up to the previous notice of default, and any other records we may have for that property. This provides more than just a foreclosure history, it creates a unified view that provides valuable insights into the reason for foreclosure, potential equity, and the likelihood the owner will be able to resolve the problem.

Auction Updates

Our EXCLUSIVE daily auction data is what really sets our lists and data apart. Only ForeclosureRadar.com provides daily postponement, cancellation, and sale information for every foreclosure auction in the state.

Bank Owned (REO) Data

One of the major benefits of our auction updates, is that we know which properties sold back to the bank the very day it happens. Other services either show:

• Trustee's Deeds—The final foreclosure document filed with the county and published on other sites weeks or even months after the sale. In addition to being late, these documents are recorded on all foreclosures, including those not purchased by banks. Don't waste your time—a bank will decide their disposition strategy for a particular property shortly after the sale. After that, it is simply too late to get their listing, or secure a discount.
• Bank Listings—Banks provide lists of properties for sale. These are properties that have already been cleaned up; and in most cases, listed with a Realtor®. No different than buying any other house on the market, and no opportunity for Realtors® to get listings here. Whether you're a Realtor® seeking bank listings, or an investor looking for a discount, we are the only service that gives you any chance of contacting the bank before it is simply too late.

Property Details

We don't stop with just the notices. We also add property details from the county assessor's office. These details typically include property type, bedrooms, bathrooms, year built, square footage, and lot size.

Ownership

We add the tax roll data which includes the name and mailing address of the owner of record, the assessed value of the property, and the annual property taxes.

Transaction History

We do our best to find previous and existing loans, as well as sales information on each property. While we do estimate whether a loan scheduled for foreclosure is a first or second mortgage; the transaction history information is often invaluable in gaining insight into how much equity is in the property, as well as the circumstances surrounding the foreclosure.

Maps and aerial photos

We work to find the geographic location of every property in our database, a process called geo-coding. Once each property is geo-coded we can pinpoint its location on a street map, and provide aerial photos that allow you to easily get a bird's eye view of the property.

Estimated Values, Equity and Loan Positions

Using computer models, we estimate property values, determine which loans are still open, what position the loans are in (1st, 2nd, 3rd), and the equity remaining after the loan in foreclosure (LTV) and all open loans (CLTV).

Estimated Rents and Cap Rates

Using fair market rent data from HUD, we show an estimated rent, and the potential return on investment, or cap rate, for each property.

Keeping the Data Fresh

Anyone who has spent any time really working foreclosures has found that much of the available data is stale and a waste of time. This can be really frustrating, especially to those just getting started. ForeclosureRadar has made major advances on this front to save you time and frustration.

Preforeclosure—This opportunity starts the day the Notice of Default is filed and continues until the owner resolves the problem or the property is sold. We are the only service that actively tracks foreclosure auctions; and as such, we proactively remove every preforeclosure that cancels or sells. It is no longer a preforeclosure opportunity, so there is no reason to waste your time or the owner's. In the event that an auction is not scheduled, we remove preforeclosures 120 days after the Notice of Default is filed, however you can still search our historical data.

Auction—This opportunity starts the day the Notice of Trustee Sale is filed, and continues until the auction is cancelled, or the auction is held and the property sold. Foreclosures scheduled for auction can be postponed up to 1 year in California, while other properties are cancelled immediately. Since the Notice of Trustee Sale is published as little as 2 weeks before the sale, lists from other services are often inaccurate within days of being published. By tracking the auctions, we ensure that only active auction properties remain - making our lists the freshest in the business.

Bank Owned (REO)—This really hasn't been an opportunity until now. By the time the deed was filed at the courthouse, it was simply too late for a Realtor® to approach the bank to ask for the listing, and investors found that they were simply referred to the listing agent. By tracking the auctions, we post our list of bank owned opportunities within hours of the actual sale - no one else even comes close! To keep our data fresh we proactively remove REO properties 120 days after the foreclosure auction, as they should be available in the MLS by that time; however, if you are looking for REO properties over 120 days, you can still search our historical data.