Here is a YOY comparison of new NOD & NTS for the month of April. Notice the new Notice of Default filings keep growing. Historically about 56% of the new NOD's progress to NTS. These new NOD's and NTS filings present an opportunity to reach out and make the owner an offer to purchase their property. You can open Escrow and obtain standard financing purchasing this way. This is a win win situation, as the owner is able to sell the property before the foreclosure sale and you get a great deal on a property and don't necessarily have to battle it out with 20 other prospective buyers!
