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Description How to buy a pre foreclosure house? A pre-foreclosure happens when the borrower defaults on their mortgage before their bank forecloses and sells the property at auction. During pre-foreclosure, the homeowner can be able to either sell the property or pay the outstanding balance on the loan. Nowadays, an investor can typically buy a pre-foreclosure below market value.
Description How to buy a pre foreclosure house? A pre-foreclosure happens when the borrower defaults on their mortgage before their bank forecloses and sells the property at auction. During pre-foreclosure, the homeowner can be able to either sell the property or pay the outstanding balance on the loan. Nowadays, an investor can typically buy a pre-foreclosure below market value.
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