Who is using NODs to find deals - and are you finding any?

[Joel Fine]

I'm a new real estate investor, planning a BRRRR or Buy/Hold/Rent strategy with SFR homes in a major city in the Southwest US. One technique for finding deals that intrigues me is looking up NODs (Notices of Default) in the public records and then reaching out to the property owners (probably via postal mail) to see if they are interested in selling.

It seems like there's a decent chance to find a highly motivated seller and perhaps a very good deal using this method.

I am wondering if anyone in the forums has used (or attempted) this technique, and if so, what sort of results you've seen.