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Answered 2013-05-29 14:16:29

A pre-foreclosure home is a home in which the owner is in immediate danger of losing their home, possibly due to unpaid loans or mortgages, but has not lost it yet.

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What is a pre foreclosure?

A pre-foreclosure property has a delinquent loan and the owner is in imminent danger of losing his home due to foreclosure. His property has been listed as delinquent and will soon be taken into the custody of the lender. Buyers may be able to obtain a pre-foreclosure for 40 percent less than the home's market value, and the deal would close quicker than would a foreclosure.


Can you save a property in pre-foreclosure?

I'm pre-foreclosure. .complain under rule 1.110 (b) was amended to requiere the verification of residencial mortgage foreclosure. The foreclosure involves my primary residence and is not verified


What is first preforeclosure or foreclosure?

Pre-Foreclosure is a term the banks use internally to track the property's status. Essentially, what it means is that the home has already gone into default and a Notice of Default has been recorded. Pre-foreclosure is the time between the NOD filing and the Filing of the Notice of Trustee Sale.


What is the difference between preclosure and foreclosure?

Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in non-judicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.


What is the difference between pre foreclosure and foreclosure?

Pre-foreclosures occur when homeowners are in arrears on their mortgage payments. The pre-foreclosure period is, in effect, a grace period warning a homeowner that foreclosure is the next step if the mortgage is not caught up.Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.


Is the property at 119 amherst lane in Sebastian Florida in foreclosure?

Is this property in pre-foreclosure or just foreclosure May I please get all the details on this property


Can you rent out your home while home is in foreclosure?

Yes you can, but in most states you have to tell the potential tenant about this foreclosure.


How do you buy a pre-foreclosure house?

Contact mortgage companies


Can a second mortgage put your home in foreclosure?

Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.


In California what is the time limit for moving out of a foreclosure?

what is the time for foreclosure on a home in california?


If your renting a home in foreclosure when do you stop paying rent?

Not until there is a foreclosure sale.


Where can one find pre foreclosure listings?

Pre-foreclosure listings can be found in a number of places. The most obvious would be newspaper listings. In addition, you should look in your county clerk's office, as foreclosure communications are considered public information. The last place you could like is on the Internet.


Where can one obtain a list of pre foreclosure leads?

Pre-foreclosure leads can be found on RealEstate. It is good to invest in these lists while you get the good advantages, like discovering mysteries, discovering expenses, and you have more flexability!


Can you get approved for a home after foreclosure?

You are typically off the market for about 3-4 years after a foreclosure.


Can you rebuy your foreclosure home?

If you have the cash.


Do you have to pay something in a home foreclosure?

no


When in strict foreclosure in Ct how long before you have to get out of home?

I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?


What to expect in foreclosure of condo not primary home?

The foreclosure of a condominium unit upon which you hold a mortgage should proceed like any other foreclosure.


Where can one find listings of homes in foreclosure?

Listings of homes in foreclosure can be found on Realty Track, Bank of America, Home Finder, Zillow, Orlando Sentinel, Home Path, Real LePage and Alabama Foreclosure.


Can you take your stove if your home is in foreclosure?

Yes.


Do you have to pay the balance in a home foreclosure sale?

no


Is the home foreclosure rate up or down for the past year in Omaha, NE?

Home foreclosure rates are higher than that of the previous year in Omaha, NE.


Is equity lost after a home goes into foreclosure?

Yes


How many can a home mortgage go into foreclosure?

three


What happen to a home with tax liens on it and is in foreclosure?

GAGAS