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What does foreclosure mean – answers.com – The real estate foreclosure action doesn’t mean anything. Real estate foreclosure auction does. What that means is the price at which a foreclosed home is sold at for auction.
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Buying a Pre-Foreclosure Home – SmartAsset – · Pre-Foreclosure Basics. A pre-foreclosure home is a distressed property that the lender has not yet repossessed and sold at auction. Pre-foreclosure homes are generally still occupied by their owners, who have fallen behind on monthly mortgage payments. The occupants of pre-foreclosure homes will have received a default notice,
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What Does Pre-Foreclosure Mean? – Mortgage.info – You Can Live in the Home. Being in pre-foreclosure does not mean you must leave your home. You can consider it a warning that this may happen, though. You must act quickly when you receive notice that you are in this stage. If the lender pushes forward and forces you into foreclosure, you are no longer in control. You also have nowhere to live.
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And Now Let’s Think About What Foreclosure-Gate Will Do To House Prices. – But what does it mean for the housing market? And the banks? For those who are praying for higher (or at least stable) house prices in the near-term, foreclosure-gate is good news: By stopping the.