Wholesale Real Estate - Wholesaling Pre Foreclosure - What Does Pre Foreclosure Mean on Zillow

What Does Pre Foreclosure on Zillow Mean?

Foreclosed properties are those that have been reclaimed by their financial lenders. If a borrower is unable to keep up with their mortgage obligations for several months, the lender will eventually begin the foreclosure process to reclaim the property. Once it is back in the lender’s possession, it will most often be listed for sale. Quite often, foreclosed homes will be available to investors via real estate auctions.

The primary difference between pre foreclosure and foreclosure properties is, therefore, their owner. The former will still be within the legal possession of the borrower, while the mortgage lender legally owns the latter. access to all my strategies and marketing materials https://bit.ly/2YStzK0

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Видео Wholesale Real Estate - Wholesaling Pre Foreclosure - What Does Pre Foreclosure Mean on Zillow канала Neva Williamson