Posted by David Butler America’s Note Network on February 09, 2000 at 19:50:13:
The way I’ve primarily done it is to track public notices in the newspaper starting with Notice of Defaults and setting up tickler file. These notices give foreclosing lender, and trustee information. I follow through on Notice of Trustee Sale to focus on properties that have not been cured.
Day or two after scheduled sale date, I call the trustee, or the lender if their number is listed, to learn if the lender got the property back, and if so, to set up the offer negotiation process.
Another source I use is subscribing to a local legal newspaper because they generally have a broader number of default and trustee sale notices. Same follow up procedure. Hope this helps.
David Butler Vice President, Broker Relations