Learn the logic behind Invelo’s foreclosure classification to better analyze property distress
Invelo uses a structured and reliable set of criteria to identify whether a property is in foreclosure. This logic helps investors analyze distress signals accurately and prioritize leads that may require urgent action. This article breaks down the specific data points and conditions Invelo evaluates when marking a property as “in foreclosure.”
How Invelo Determines a Property Is in Foreclosure
A property is classified as in foreclosure when it meets a combination of status indicators and date-based conditions. Below is a clear breakdown of the logic used.
1. The Property Must Have a Preforeclosure Status
The property must show any form of preforeclosure status in public records. This is the initial indicator that the property has entered a foreclosure-related process.
2. The Preforeclosure Last Recording Date Must Be Recent
To ensure the data reflects an active or ongoing case, the last preforeclosure recording date must be within the last 365 days.
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If the recording is older than 1 year, the case is considered stale and will not qualify.
3. The Auction Date Must Be Valid
The auction date must meet one of the following conditions:
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The auction date is within the last 60 days, or
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The auction date is null (not yet assigned).
This ensures the foreclosure case is still active, pending, or recently updated.
4. Sale Recording Date Must Not Override Preforeclosure Data
Invelo also cross-checks the assessor sale date (properties.current_sale_recording_date). One of the following must be true:
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The sale date is older than the preforeclosure last recording date, or
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The sale date is null.
This prevents sold properties from incorrectly being flagged as active foreclosures.
5. Additional Rules for Auction Statuses
If the property has a formal auction status, such as:
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NF (Notice of Foreclosure)
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NS (Notice of Sale)
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NT (Notice of Trustee Sale)
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FJ (Foreclosure Judgment)
…then it must meet stricter requirements:
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The auction date cannot be null, and
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It must still be within the last 60 days.
This ensures auction-designated properties have valid, up-to-date auction information.
Summary
A property is tagged as “in foreclosure” only when multiple conditions confirm recent and active foreclosure activity. By combining preforeclosure status, recording dates, auction information, and sale records, Invelo ensures investors are viewing accurate and timely distress indicators.
If you have more questions about foreclosure data or how it impacts your lead lists, feel free to reach out!