Investors‎ > ‎Foreclosures‎ > ‎

Pre-Foreclosures

Pre-foreclosure Explained
Pre-foreclosure is the period of time between when a lender has notified a borrower that his or her loan is in default status until the property is sold at auction. 

Default Status
Most lenders consider a mortgage or deed of trust loan with payments 90 days or more past due in a default status.

Foreclosure Notices
Once the lender notifies a borrower that his or her loan is in default status, the lender then instructs the attorney or trustee to initiate a foreclosure action against the borrower. A foreclosure and notice of lis pendens or a notice of default is filed and recorded in the public records. 

Contact us
To speak with a foreclosure specialist complete the contact form below or for immediate assistance call or text (281) 891-3007