Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 40

For investors, the foreclosure process officially kicks off with the posting of the NOD or foreclosure notice in the county's legal newspaper or the local newspaper — private, for-profit publications that get the word out to prospective bidders. At this point, distressed homeowners usually realize the inevitability of losing their property. Some remain in denial; others become resigned to the fact, even though they may have several options to abort the foreclosure process and regain control of their property … and their finances.

If you plan on purchasing properties before the foreclosure sale, your best chance is to contact the homeowners before the NOD is posted. After the NOD appears in the papers or in legal publications, competition for the property begins to heat up. The only way to find distressed homeowners before the NOD is posted is through word-of-mouth networking. See Chapter 3 for additional guidance on choosing the stage of the foreclosure process that’s right for you, and see Chapter 6 for word-of-mouth networking tips.