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Delaware State Profile
Delaware's rate of job growth moderated, but jobs gains were broad-based across industry sectors and salary ranges. After achieving job growth rates above the U.S. average in 2004, the state's rate of job creation eased in 2005. In fourth quarter 2005...
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Finding Opportunity in the Delaware Real Estate Market: Pre-Foreclosures
For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage represents an investment opportunity. A pre-foreclosure takes place from the time the bank gives notice of default (NOD) to the time the house is sold at a foreclosure auction.
Depending upon state law governance real estate, the time period usually is 90 days into mortgage loan default. Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the remainder between what a house will sell for and what is owed on the house. Pre-foreclosures furnish an opportunity to purchase a house for less than fair market value (FMV), creating immediate equity...
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Your Delaware Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Using the internet, a number of web sites allow searches by state, county, city, and zip code. Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs. Therefore, in evaluating foreclosure-listing services, the quality of the listing or "freshness" is important.. Try a number of pre-foreclosure listings sites and evaluate which offers the best most current listings. All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Delaware Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: No
- Primary Security Instruments: Mortgage
- Timeline: Typically 90 days
- Right of Redemption: No
- Deficiency Judgments Allowed: No