How to Know if a Certain Property is in Foreclosure
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How to Know if a Certain Property is in Foreclosure

Learn ways on how to find out if a property is in foreclosure.

Knowing the real status of the house that you are living in or about to live in is extremely crucial. Learning what the real estate standing of the property is may be able to spare you from unnecessary worries, wasted efforts and uncalled for money pay outs in the near future.

Real estate properties are possibly heading towards foreclosure and this poses a threat to the tenants of the said property. Legal actions are probably scheduled in the upcoming weeks and may perhaps affect the tenants. In some cases, the tenants are forced to leave the house early. Now, here are some ways on how to know if a certain property is in foreclosure.

Visit the Clark County Assessor

Before deciding to settle on a particular house, know the history of the property. Start your search by heading to the Office of the Clark County Assessor. Make sure that you have obtained the complete address of the targeted property. Using the address, the homeowner’s name and other important details will be traced. Record the property’s parcel number as you will need this in your state's Clark County Recorder official website. After activating the advance search, you will now be able to see the Detail Data. The Detail Data will show the legal documents of the recent actions done on the property. If the house is in foreclosure, then you will see a default notice.

Check Foreclosure Listings

The American states do have their own way of announcing a foreclosed home. These pronouncements may be in the form of newspaper circulations, flyers, or posted written notices on the state courts. With today’s technology, online foreclosure listings may easily be checked. These foreclosure declarations may take the form of a notice of trustee sale or a sheriff’s sale, depending on the state law.

Ask the Homeowner Directly

Asking the homeowner directly is a course that bold people prefer. This is deemed as the easiest way of knowing if the property is indeed in foreclosure. However, this process cannot offer legitimacy in the declaration as the homeowner can lie about it. Also, the move can rise up personal issues between the homeowner and the tenants. If the tenants are not convinced or satisfied with the homeowner’s answer, a further investigation might be the next step.

Look Out for Signs

If you are not the confronting type, then you might put up with the discreet way of property investigation. Signs can sometimes give away the real status of the house. The way the homeowner deal with you can tell you that something is going on. If you and the homeowner live in the same compound, then maybe you can sometimes check the mailbox, solicitations and his or her phone calls. These might be originating from the bank or the sheriff, pursuing with the sale of the property. If he or she is researching on how to stop a foreclosure, then most likely, the house is definitely in foreclosure.

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Comments (7)

how come you are so knowledgeable with this topic?great work

Ranked #3 in Foreclosures

Thanks, mach. Used to do some articles on this before. :)

Good article. Well written.

Great job.Thank you for this abundant info.

Returning with a well deserved vote up. thank you for your wisdom in compiling this article.

Probate investing

Very helpful information--thanks for posting.

Well written article.