Know which home builders have had foreclosures within the past 12 months.

Foreclosures are inevitable if homes are not selling and a builder is unable to pay the interest on its loans. This is vital information to know, because once lenders start to foreclose, all lien rights may be of no value in helping creditors collect or secure their debts. This is when it becomes essential for construction creditors to move quickly with legal actions in order to collect. Knowing exactly which builders have a history of foreclosures can prevent potential credit problems before they occur.

►   Track builders with a history of foreclosures.

►   Track lenders with the most foreclosures.

►   Track subdivisions and counties with the most foreclosures.