Preforeclosure

Dataset

Description

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).

Example

Sourcing

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.

Usage

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

Delivery

Preforeclosure data is available for delivery in the following delivery formats:

API: ATTOM API (Premium Property)
Bulk: 5.0 Preforeclosure, 4.0 Combined Preforeclosure
Cloud: Preforeclosure

Tables/Views

The following tables can be used to access Preforeclosure information.

ForeclosureDetails

A collection of all preforeclosure documents recorded by each County Recorder

Rows: 26 million
Columns: 68
Family: Transaction

Dimension Tables

DimRecordType: The type of preforeclosure document filed - e.g. Notice of Default, Notice of Trustee Sale

ATTOMic P-Articles

All solution packs containing the Preforeclosure data element will include the following p-articles to help you understand and use the data: -

• Preforeclosure 101