Properties are rarely, if ever, coded on the MLS as pre-foreclosure or short sale. I can't say that I have never seen it, but I don't recall seeing it. And, I look at the MLS mulitple times a day, for many years now.
Of the current properties of which I am familiar that would fall into this category of short sales or pre-foreclosure, none are listed that way on MLS. I am aware of certain properties because I am full time and gain this information from hands-on "in-the-field" activity on a daily basis.
Many properties that are pre-foreclosure will not ever make it to through the foreclosure process.
I assume you are asking this question because you are searching for motivated sellers. There are also opportunities for good buys that are not in pre-foreclosure or subject to short sale. These come without the added complications, so don't rule those out....assuming your purpose is to buy at a discounted price.
I am aware of "motivated sellers" in price ranges from a few hundred thousand to upwards of several million. I would be happy to discuss this further with you.
Deborah Madey - Broker
Peninsula Realty Group, Inc.