Details of documents that are officially recorded when a property owner falls behind on their mortgage payments. This will include the initial Notice of Default/Lis Pendens issued in response to non-payment and the Notice of Foreclosure Sale/Notice of Trustee Sale that follows if the borrower fails to reach an agreement with their lender(s).
|Borrower Name||SIMPSON, HOMER & MARGE|
|Original Loan Amount||$109,831|
|Lender Name||National Bank of Springfield|
|Trustee Name||Krusty Trustees|
|Auction Address||100 Springfield Town Square, Henderson NV 89011|
|Auction Time||12:30 PM|
|Recorded Opening Bid||$120,500|
The rules that must be followed for foreclosures are established by state law and vary by state. These involve making details of a pending foreclosure available to the general public.
- Recorded: Applicable notices must be recorded by the county recorder. This information is usually then available electronically.
- Posted: Applicable notices must be posted in a prominent place such as the local courthouse using a timeline outlined by the state.
- Published: Applicable notices must be advertised in nominated newspapers using a frequency and timeline outlined by the state.
ATTOM uses a team of aggregators to collect preforeclosure information online, by monitoring newspapers, or by physically visiting places where notices are posted.
Lead Generation: This provides real estate agents with potential opportunities to assist distressed borrowers to sell their homes as a way of dealing with the financial issues they are confronting.
Marketing: For marketers of products and services geared towards distressed borrowers, preforeclosure data can provide a timely way to identify potential customers.
Foreclosure Analysis: Having access to a comprehensive collection of preforeclosure data from across the country is invaluable when undertaking any form of analysis of foreclosure trends.
Property Research: Verify if a homeowner is current in the preforeclosure process for use in situations where this represents either a red flag or an opportunity.
Property Investment: Find motivated property sellers of properties
Preforeclosure data is available for delivery in the following delivery formats:
API: ATTOM API (Premium Property)
Bulk: 5.0 Preforeclosure, 4.0 Combined Preforeclosure
The following tables can be used to access Preforeclosure information.
A collection of all preforeclosure documents recorded by each County Recorder
Rows: 26 million
DimRecordType: The type of preforeclosure document filed - e.g. Notice of Default, Notice of Trustee Sale
All solution packs containing the Preforeclosure data element will include the following p-articles to help you understand and use the data: -
- Preforeclosure 101