How to Get Notice of Default Information
At some point, an overdue home mortgage turns into a legal process known as foreclosure, during which the bank moves to take ownership of the home in order to recover the money owed. The process begins with the filing of legal papers. In some jurisdictions, this first filing is called a Notice of Default, or NOD. In others, the filing is a Lis Pendens (meaning "pending lawsuit"), abbreviated as LIS. There is no longer a need to ferret out a NOD or LIS filing in county courts. Several online services make the information electronically available.
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Instructions
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Visit RealtyTrac or Foreclosure.com. These sites specialize in quickly compiling NOD and LIS notices filed in local courts and making the information available online.
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Search in a geographic area of interest. Enter a city and state combination or a zip code in the search box at either site.
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Select "Preforeclosures." Both sites list preforeclosure properties under separate tabs. Click the tab to review the lists.
Preforeclosure properties are those that are not yet owned by the bank but have received a NOD or LIS to begin the foreclosure process. Some later steps, such as a Notice of Trustee Sale (NTS) or Notice of Foreclosure Sale (NFS), are also listed in the preforeclosure stage.
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Review preforeclosure listings. At Foreclosures.com, sort listing results by clicking on the heading of the "DC" column. "DC" is the "Deed Category" indication and sorting this column will put all NOD or LIS actions together in one place. Scan the column for categories of interest to you.
At RealtyTrac, NOD and LIS properties are part of the preforeclosures. Click on the property address to see the deed category for that particular listing.
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Get full listing information. Both RealtyTrac and Foreclosure.com are subscription services; you must sign up at the site before you can see a full property listing. Both sites offer seven-day trial subscriptions.
If you don't wish to sign up for either service, ask a local real estate agent to find the listing for you and she can retrieve it at no charge.
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