Visit RPR   

RPR Help Desk
(877) 977-7576
Question? Let us know.

Searching Distressed Properties in RPR

For REALTORS®, there are many scenarios in which you need timely access to data on distressed properties. Researching local distressed comparables can be difficult, and involve going to numerous sources. Realtors Property Resource® (RPR®) has the largest national database of foreclosure, pre-foreclosure, REO and default information in the country. RPR also offers flexible search and reporting features which allows agents to customize RPR’s information into different formats designed to fit any business uses.

Distressed Properties

Starting your Search

To begin your search for distressed properties, go to the RPR home page, select the “All Properties” search option and then enter the local geography or subject property and any other necessary search criteria. Before you select “Search”, make sure to expand the “Advanced Search” options. Notice the distress area, uncheck “Non-distressed” properties.

Next, you’ll arrive at the search results as well as both on and off market homes. You can identify each property by a colored label that highlights its current status. Also below the flag you’ll see other important status information. For example the property may be in Pre-foreclosure status with a Notice of Sale. With integrated MLS data you may also see short sale and REO properties.

Now it’s just a matter of closely reviewing the results to uncover the best comps for your buyer or seller. Once you have the properties identified, you can print a mini-property report for each. You could even note the address of each distressed property and create a comps analysis on your subject property and include those homes by address into the analysis.

No matter which way you choose to display the information, your client or customer is sure to be impressed with the amount of information.

Comments

  1. Thank you for this resource.

  2. When I go to the home page I don’t see where I can start to perform the search for distressed properties.

    Please advise.

    Thank you.

  3. Can we do a radius search in a neighborhood to find all NOD properties within, say, 1 mile of a particular address?

    • Reggie Nicolay says:

      Yes, there are a couple ways to do this. You want to get to a map search. Start by searching the general geography. Then from the search results, make sure you are on the “Map” view. You’ll see some map tools, including: Box, Radius and Polygon. Since your questions stated “Radius” we’ll use the one. Select the Radius button, click with your mouse where the subject property would be, then drag out. You’ll see the radius get bigger. Once you have the circle in the proper shape, select “Search in this area”. Also note that from your search results, look to the left-side and use the faceted search to narrow the result by un-selecting “Non-distressed” Properties. That should do the trick!

  4. Thanks for the great resource. Is there a way to search only for available distressed properties, if you want to filter them from the off market or pending sale?

    • Reggie Nicolay says:

      Hi Manny – Let me see if I understand you correctly. First, there are a couple ways to do this. From the RPR homepage, you can do an “For Sale” search. Enter a geography and then choose “Advanced Search”. That will expand search options, now uncheck “Non-Distressed” and search. From the search results you can use the map to continue to refine the geography you are searching with drawing tools, also look to the left-hand side of the search results. You’ll see what we call the faceted search. This allows you to filter the results in real-time. For example uncheck “Pending” to remove the pending from view. That should do it…let me know if you have any more questions!

  5. Aristides Tejeda says:

    would like to receive distress properties.

  6. How can I sort distressed properties by status? EG “off market”, “for sale”, etc.

    • Reggie Nicolay says:

      Hi Robert, The sort does not include “status”. However the Market Activity report does group the properties by status. Will that help?

  7. Most market value ranges seem fairly correct, but some are just way off.
    When I try to make value adjustments for true condition / impacts, the RPR software doesn’t take my #s, but rather applies a fractional value of its own. What’s up? – How to fix? – By RPR or by user – ? Thanks.

    • Reggie Nicolay says:

      Hi Steve, since your client doesn’t have access to RPR, you’ll be outputting all your work into the form reports for them. In the case of a Comps Analysis as you mentioned, use the comps tool, start by reviewing the basic subject property characteristics, then choose the comparable homes, next you’ll adjust those comps. RPR will the provide a suggested price. Here you can override the number to either include the Price you recommend or leave only a range. You an even update the price range. With this override you really get to use your local knowledge to have the best solution included. Does this help?

  8. I would like to use this service, To access RPR is all I have to do is post this?

  9. Sounds good to me.

  10. Hi Reggie – thanks for taking the time to publish – great info. do have one question… how do i get the data in a usable format? keep looking for an “export” button!?!? (and please don’t say; use the “reports”)

    • Reggie Nicolay says:

      Hi Bill, Aghh…I wish I had a better answer for you. The reports are the only way to get data out of RPR outside the Property Investment tool. We don’t have an export to excel feature. As you can imagine, with a site like RPR scrapping data though export is a real issue and would be bad for REALTORS as that type of data could end up in the wrong hands…an get sold back to you.

      Now back to your need, would a different report type help? if so, describe the report layout that would be most helpful. I’m happy to pass along to our product development team.

      • Hey Reggie – sorry for the delay in responding and THANKS for the response!

        Coming from an IT background I understand the issue but in reality the process (of not being able to export) is only hurting the agents. The value of that “export” data is significantly reduced if every agent has access to it. The way it is now, anyone who knows a little coding can reparse the data into a nice little package and, voilà; how much would you pay for this???
        (p.s.: I can show you what that looks like, if you like!?)

  11. Is it possible to get direct emails and link regarding new updates?

  12. TERRY DROHOMY says:

    THANKS

  13. Looking forward to exploring all the added value benifits of RPR commercial.

  14. Can I do a search of Notice of Defaults on this site?

  15. I like what you guys are usually up too. This sort of clever
    work and coverage! Keep up the wonderful works guys I’ve incorporated you guys to blogroll.

  16. Hello to all, it’s actually a pleasant for me to pay a visit this web page, it consists of precious Information.

Speak Your Mind

*