When using Privy, identifying distressed properties is made simple with our Pre-Foreclosures and Foreclosures flags. These indicators help streamline your search for investment opportunities by focusing on the most relevant properties. Here's how the process works:
Pre-Foreclosure Flag
A property is flagged as Pre-Foreclosure if it has a pre-foreclosure date recorded within the last 15 months.
This status highlights properties that are at risk of foreclosure, giving you early insights into potential investment opportunities.
Foreclosure Flag
A property is flagged as Foreclosure if a foreclosure date is recorded within the last 15 months.
This status identifies properties that have already entered the foreclosure process, signaling possible opportunities for investors.
Updates to Status
If a subsequent record indicates that the foreclosure has been released, Privy updates the property's status accordingly.
This ensures that the information you receive is up-to-date and accurate, minimizing time spent on properties that are no longer distressed.
By leveraging data from industry-leading third parties, Privy ensures accurate and reliable categorization of distressed properties. These flags save you hours of manual research and help you focus on the properties that align with your investment strategy.