List Template

Foreclosure Prospects

For many investors, lenders and marketers, monitoring distressed properties and identifying properties that are potential foreclosures or that have been foreclosed is an essential strategy. Whether you are an investor interested in purchasing bank-owned properties, a contractor wanting to target these properties for future home repair projects or a direct marketer needing to suppress this audience as an ineligible lead – ListSource can help.

The in-depth foreclosure-related data combined with the flexible searching and list building functionality available in ListSource, allows users to easily target borrowers and properties in the following distressed and foreclosure-related situations:

• Default (Pre-Foreclosure) Initiated -A legal document has been filed officially recognizing that a borrower is behind on payment(s) and their mortgage is in default

• Pending Auction Sale - An auction date to sell the property has been planned as a result of a mortgage default and foreclosure-related proceedings

• Bank-Owned (REO) Properties - Properties currently owned by a bank, lender or other financial institution due to a foreclosure-related proceeding