Foreclosure Search

FORECLOSURE QUICK SEARCH

The foreclosure quick search can be used to easily find properties that are currently active in the pre-foreclosure and REO (Real Estate Owned) stages.

  • Step 1: Select a Geographic Identifier
    Select a State and County from the drop down lists or enter a known ZIP code to identify the State/County. (Note: Search results will not be limited to ZIP code entered. To include ZIP code as part of your search, select the ZIP search tool in Step 2.)  To view the latest recording date in our database for the county selected, click on the “Latest Recording Date” link.
  • Step 2: Select a Quick Search - Select one of the options listed:
    Recorded within last - Select a time period in the drop-down menu to find properties by recording date. Date range begins with a past date and ends with today’s date.
    Auctions within the next - Select a time period in the drop-down menu to find properties by auction date. Date range begins with today’s date and ends with a future date.
    City - Enter a city name to restrict the results to that city. Use an asterisk (*) as a wild card (e.g. Las V*)
    Zip - Enter a five-digit ZIP code to restrict the results to that ZIP code.
  • Submit Your Search
    Once submitted, a Search Processing page will be displayed. Upon completion of the search, a Search Result Confirmation page will display (based on Preference setting). This page will provide you with a final count of records found. You will then have the option of Accepting, Refining the search criteria, or Previewing the data of the records found. This is similar to the Custom Search process.

FORECLOSURE ADVANCED SEARCH

The foreclosure advanced search can be used to customize your criteria to target properties currently active in the pre-foreclosure and REO stages. The foreclosure process starts to occur when an owner defaults on his mortgage payments.

  • Step 1: Select a Geographic Identifier
    Select a State and County from the dropdown lists or enter a known ZIP code to identify the State/County. (Note: Search results will not be limited to ZIP code entered. To include ZIP code as part of your search, select the ZIP search tool in Step 2.)  To view the latest recording date in our database for the county selected, click on the “Latest Recording Date” link.
  • Step 2: Select specific types of foreclosures
    Select All Active Foreclosures to get properties in the Pre-Foreclosure, Auction, and REO stages returned in your search results. Target properties in a specific stage by selecting one of the individual stage options. (Note: To learn more about the stages of foreclosure, please read the descriptions below.)Scroll the list to view the available Search Tools. Select the search criteria that best fit your needs and supporting Search Criteria will be made available for your input. Search Criteria may offer a “from and to” range or a list of available options for the selected search tool. Add as many variable search tools and related criteria as necessary to define your custom search.Search Tips: Not all search criteria are applicable to all three foreclosure stages. The results will be restricted by all of the search criteria that are added. For example, if you add Bathrooms: 1-3 and Bedrooms: 2-4 the search results will only include properties with 1-3 bathrooms AND 2-4 bedrooms. A property with 2 bathrooms and 5 bedrooms will not be included. (Note: Scroll over the “? Tips” to the right of the Search Tool list for helpful tips for the selected search tool.)
  • Step 3: Review criteria list
    Review the criteria you have selected for your search.
    To delete the criteria, click on the “X” to the left of the Search Tool Name.
    To modify or update the criteria, click on the criteria link to the right of the Search Tool Name.
  • Step 4: Additional Options
    Select from the Primary and Secondary dropdown lists to sort the results list in either ascending or descending order.
    Save your search criteria for future use. After entering the needed search information, select “Save Search”. You will be prompted to enter a name for your search; it is recommended that you name your search something that can be easily identified in the future.
  • Submit Your Search
    Once submitted, a Search Processing page will be displayed. It will display the search criteria that you have selected. Upon completion of the search, a Search Result Confirmation page will display (based on Preference setting). This page will provide you with a final count of records found. You will then have the option of Accepting, Refining the search criteria, or Previewing the data of the records found. This is similar to the Custom Search process.

There are two basic state models for the foreclosure process, Deed of Trust and Mortgage. The document types are different for each process. Below are just some examples of document types for each stage. There may be others depending on your location.

Deed of Trust (Non-Judicial Foreclosure)
Pre-Foreclosure: Notice of Default – provides public notice that a loan is delinquent and that the foreclosure process has been initiated by the lending institution. A Notice of Default will typically allow for a minimum 90-day period to pass before the next step in the process takes place. This document provides the amount of delinquency and the appropriate contact information. This is similar to the Notice of Lis Pendens that is filed in states where judicial foreclosures take place.

Auction: Notice of Trustee’s Sale – provides a 30-day public notice that the auction of the property will be taking place. This document gives the specific auction details such as location, opening bit amount, etc. This is similar to the Final Judgement document that is filed in states where judicial foreclosures take place.

REO: Trustee’s Deed – details who bought the property at auction. It often, but not always, is the lender who serviced the mortgage that went into default. This is similar to the Certificate of Title document that is filed in states where judicial foreclosures take place.

Mortgage (Judicial Foreclosure)
Pre-Foreclosure: Notice of Lis Pendens – provides notice that a loan is delinquent and that judicial activity has been started to initiate a foreclosure of the property. This is similar to the Notice of Default document that is filed in Deed of Trust states.

Auction: Final Judgement – authorization by the court for the lending institution to proceed with the auction of the property. It typically provides for a 60-day period to elapse before the auction takes place. This document also gives the specific mortgage amount details regarding the delinquency and the auction specifics such as location, opening bid amount, etc. This is similar to the Notice of Trustee’s Sale document that is filed in Deed of Trust states.

REO: Certificate of Title – details who bought the property at auction. It often, but not always, is the lender who serviced the mortgage that went into default. This is similar to the Trustee’s Deed document that is filed in Deed of Trust states.

Not all states can be classified as strictly Deed of Trust or Mortgage. Some may be a mixture of both processes. For the Deed of Trust process, it is the “Third Party Trustee” that is responsible for the foreclosure. They work independently on behalf of both the bank and the borrower. Many trustees specialize in foreclosures and are substituted specifically for the duration of the process, which means the original trustee designated on the Deed of Trust documents is changed. Title companies will also generate “Trustee’s Sale Guarantees” which offers protection to the trustee and lender. For the Mortgage process, these will be driven by attorneys on behalf of the lender. It is the judge that acts as the “Third Party Representative” in this process. Again, protection/title insurance may be issued during the process, but it would be similar to the property transfer coverage.

At any point in the process, but generally before the auction, the homeowner/borrower has the right to pay the outstanding delinquent amount due and bring the loan current. That effectively will cancel the foreclosure. When this happens, a Notice of Rescission or Release of Lien will be recorded. The property would then have the active pre-foreclosure flag removed in our database.

 

FORECLOSURE PROPERTY LIST OPTIONS

A list of properties found is provided. By selecting on any one of the individual property list links, you will be directed to a Report Summary Page for the selected property. From this page you can select any one of the report options available that your account has access to.

Standard output options are automatically available for your Foreclosure Search results. Any or all of the following can be selected at no additional charge:

  • Export
    You can select from one of the “.csv” export formats. Case selection of all Upper Case or mixed case is available. You also have the option to include a header row of the exported field names. You can also select to export some or all of the records retrieved, by selecting one of three options: All, a Range of Records, e.g. #23 thru 456, or Selected Records checked on the Property List Page. Your exported information can be saved locally for future use.
  • Labels
    This option will create an “.rtf” file viewable in Word. Three Avery Label formats are available for you to choose from include 5160, 5161, and 5162. Case selection of All Upper or Mixed Case can also be defined. You can select some or all of the records retrieved, by selecting one of three options: All, a Range of Records, e.g. #23 thru 456, or Selected Records checked on the Property List Page. Your Word file should be saved locally for future use.
  • One-line Report
    This report option will provide a one-line report of all properties found or those selected from the Property List. (Note: it’s suggested that you select “Landscape” page orientation in your browser when printing this report.)
  • Detail Report
    This output option provides a Detailed Property Report for all properties found or those selected from the Property List
  • Additional Report Option - Multiple Report Summary
    You can select multiple properties from the Property List to retrieve any one of the standard reports available in RealQuest. At least two and no more than ten properties can be selected to perform this function.
  • Additional Report Option – Radius Search
    By selecting a single property from the Property List, you can create a secondary list based on the radius distance of the selected property. If chosen, you will be prompted to enter the radius distance desired for your search. Additional search criteria can also be added to further refine your search. A new Property List will result from this search.