Posts Tagged ‘foreclosure’

What is pre foreclosure?

Understanding pre-foreclosure Foreclosure is a one-time event where a property is sold at an auction to the highest bidder to pay the bank back for the loan that is on it. Every point from the mortgage payment is missed until the auction, that is known as pre-foreclosure. This can happen due to many reasons. The…

Do we buy pre-foreclosure properties? The answer is yes! A pre-foreclosure property is when a seller stops paying their mortgage, the bank would sell the property on an auction if this is not fixed by the seller within a designated time frame. This is very stressful because there is a time component as a part…