When you fall behind on mortgage payments, your lender may eventually take your home to recoup the loss. But that won’t happen right away. Lenders must follow a series of steps that start with ...

If you’re falling behind on mortgage payments — or thinking about buying a distressed property — you may be wondering: What does pre-foreclosure mean? Simply put, pre-foreclosure is the early warning ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Doretha ...

Selling pre-foreclosure is often the best option for distressed homeowners who don’t qualify for any loss mitigation programs, but those homeowners are understandably hesitant to choose that option ...

anely Sandoval’s calling to be a pre-foreclosure peacemaker started when she was in high school. “My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who ...

Preforeclosure begins when a homeowner has missed several monthly mortgage payments (often three consecutive payments in a row). Preforeclosure indicates that the lender is legally pursuing ...

If a borrower has defaulted on mortgage payments for a certain period, a property will enter preforeclosure. Preforeclosure is the crucial period when the borrower has missed sufficient payments to be ...

Understanding foreclosure and your options for avoiding it could potentially protect you from losing your home. Some or all of the mortgage lenders featured on our site are advertising partners of ...