Pre Notice of Default Leads for pre foreclosure properties

[Tae Seung Kim]

Hi, 

I'm trying to find a pre notice of default leads for pre foreclosure properties in fairfax county, virginia. 

Does anyone in virginia know if that is the right source or where to go to obtain the notice of default leads? 

I been searching for county records online and was wondering if this is the right link (source) to obtain such pre notice of defaults? 

http://www.fairfaxcounty.gov/courts/circuit/cpan.h...

http://www.fairfaxcounty.gov/courts/circuit/ccr-a-...

I was also looking into yellow papers and on that website, I found some interesting points...

http://yellowletterscomplete.com/leads

"Pre-Notice of Default leads are folks who are 30, 60 or 90 days past due on their mortgage. These are people who may need to sell their property or face foreclosure, and can be extremely motivated to sell or refinance. These leads come from credit data so you need to comply with the Fair Credit Reporting Act to market to these leads."

Does this mean that those pre-notice of defaults are most likely between lenders and the sellers (principal) and in order for the wholesaler to obtain the information is to get permission from the lender and its seller (principal)?  

[Account Closed]

Chasing NOD's is effective when they alert you early in the default.

Not sure how it works in the Commonwealth. Typically, NOD's come out within a few weeks after a default in Deed of Trust states vs. Mortgage states.

Nevada is a Deed of Trust state.  Ohio is a Mortgage state.

In Nevada, you know about a default early.

In Ohio, you learn about the default late. The NOD in Ohio is filed about the same time as the foreclosure action or even later when it is closer to sale time (if at all), long after the owner first defaulted. Foreclosure actions take up to 1-1/2 years here, so guess how much "baggage" you have to overcome to make a deal by then?

In some states, publishing the NOD is considered a violation of privacy laws and not published at all. (I think Texas is one of those.)

To avoid wasting your energy and time, find out how all of it works there in Virginia before investing any more time chasing NOD's.