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 ...

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 ...

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 ...

As mortgage rates fall and foreclosures rise, is a foreclosure something aspiring homebuyers should consider?

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...

BUFFALO, N.Y. (WIVB) – Erie County Clerk Michael Kearns has a message for homeowners who receive a pre-foreclosure notice: Please stay in your home. Kearns held a press conference Wednesday to discuss ...

Pre-foreclosure vs. Foreclosure The pre-foreclosure phase begins when a loan servicer sends a borrower a notice of default. This typically happens after the borrower skips three mortgage payments in a ...