Get what you can before you default and lose it, chalk it up to an education and don't repeat that trip again.

@Marcus Ford Do you mean Default will be in 2 1/2 weeks or there is a sale date in 2 1/2 weeks?

Its quite sad society is like this, but know that it provides opportunity for those willing to think outside the box and take risks.This is deeply ingrained into them by their parents and society, you are constantly told to be status quo, dont rock the boat, be a wage slave, because its safe and secure and therefore by default if you dont do this exact path, its the opposite, its unsafe, not 100% known so its not secure and is something to fear.

You're talking about the "subordination clause", it's pretty standard in leases that I use.What the subordination clause does is it subordinates the lease to the mortgage, so if the bank wants to evict the tenant after foreclosure, they can.Whether or not its in there, I don't know the housing laws of your state, but in most states, the tenant gets to stay to the end of the lease if the owner defaults and the bank forecloses.

I imagine the best way to do it is contact people that are on the default list.

BP won't let me put my phone number here, but it's in my profile and I'm very easy to find.Here is a template you can copy and paste into your word doc.NOTICE OF DEFAULT – FAILURE TO PAY RENT To: <<Tenant>> From: <<Landlord>><<address>> <<address>> In accordance with Sections 55-225 and 55-248.31, Code of Virginia, as amended, you are hereby notified that you are in default in the payment of rent, late charges and miscellaneous charges as itemized below: ITEMIZED CHARGES Rent for the month(s) of ___________________ $_______ Late fee for the month(s) _________________ $_______ TOTAL DUE LANDLORD AS OF ______ 2007 $________If you do not pay the full amount due your Landlord or vacate within five (5) days of the date of this notice was mailed, your lease will be terminated and your account will be turned over for immediate institution of eviction proceedings.

For example, the borrower could sue you claiming an inaccurate payoff statement or they could sue you for attempting to take the property back in the event of a default.

A "pre-forclosure" is a case where the lender has issued a Notice of Default or Lis Pendens, depending on whether your state is a non-judicial or judicial foreclosure state, respectively.The county likely does NOT gather or provide such information beyond what the clerk offered.

In 2014, Person A defaulted on mortgage #2 and it went to auction at the courthouse steps.

What we quote by default is YOUR scenario, not a "Walk on Water" scenario that's irrelevant to you, which is why the "quoted" interest rate by an internet lender will always appear better upfront -- are you putting 25% down, with a DTI below 30%, do you meet all those other bullet point assumptions, and (most importantly) wishing to pay more than two discount points?