what is a pre-foreclosure?

The foreclosure starts with a "Notice of Default".. once this notice is given, and up to the day the home sells at sale is considered the "Pre-foreclosure" period.. During this pre foreclosure status, you have the right to make up all the back payments, and bring the loan current.. the lender has to accept your funds, and must hold off on foreclosure.. but only if all the funds needed to bring the loan current are paid.. they do not have to accept partial payment.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Dan, this likely refers to a short sale where there is a short time left before the current lender is getting ready to foreclose and the current owner is trying to find a buyer before the foreclosure actually occurs. Let me know if I can help: pdumouchel@primelending.com

A "pre-foreclosure" property is one where a foreclosure legal action has started against the property. In most cases, the owner can pay the back payments and legal fees, and the loan will return to current status.

Foreclosure has been started, but process is not complete so the current owner still holds title to the house.I'm happy to help with the financing or just give you advice. So if you need more information, or a competing rate quote you can go to my web page, call or email. and use my live support button to discuss or get advice on anything at all with me. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson