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What Does “Pre-Foreclosure” Mean? Main Photo

What Does “Pre-Foreclosure” Mean?

Understanding Real Estate Terms
Posted: April 07, 2016 by Melanie Cameron

There are three stages of distressed properties – short sale, Pre-Foreclosure, and Foreclosure. Before you start looking at Short Sales and Foreclosures (also referred to as bank owned homes or REOs), it’s a good idea to familiarize yourself with the stages. Each come with their own set of expectations in reference to buying and you may find one or more aren’t suitable for your needs.

Read the full article on our blog - What Does "Pre-Foreclosure" Mean?

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110 Dungannon Blvd., Suite 100
Wilmington, NC 28403
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