How does RPR categorize distressed properties?

Distressed residential properties are divided into two broad categories in RPR: Pre-foreclosure and Foreclosure.

Pre-foreclosure properties have been issued a recorded Notice of Default or Notice of Trustee Sale (or an equivalent status; different states use different terminology).

Foreclosure properties have officially been reclaimed by the Lender or Creditor via a recorded Foreclosure Deed or Sheriff's Deed. These properties are identified in RPR Search Results, Property Details pages and Reports with a red "Distressed" label. A property's Distressed status is cleared when a subsequent sale is detected by RPR.

In addition, some participating MLSs provide distressed codes in their listing data. RPR assigns a Pre-foreclosure or Foreclosure status to active listings with associated codes. These listings are identified in RPR Search Results, Property Details pages and Reports with a red "For Sale" label. A property that is distressed with a sale pending, according to MLS data, shows a maroon "Sale Pending" label. A listing's Distressed status is cleared once it goes off-market.

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Comments

  • Avatar
    Trish Hartwick

    Can I search specifically for distressed sales in a particular county?

  • Avatar
    Janine Sieja - Product Mgt

    Trish, the best option for this type of search is All Properties > Advanced Search, choosing the filters for distressed and recently sold and choosing a timeframe (previous one week, etc.). This will not capture properties that are no longer distressed, so it may not be precise enough depending on how far back in time you are searching.



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