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  • Add You - Pre-Foreclosure- Creating a Win-Win Situation

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    Pre-foreclosure happens when a property owner doesn't pay their monthly mortgage payment. The lender will initially send out a friendly reminder letter to let the owner know they are behind on their payments. If the property owner still does not pay, the lender sends letters of greater demand.

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    nthly mortgage payment. The lender will initially send out a friendly reminder letter to let the owner know they are behind on their payments. If the property owner still does not pay, the lender sends letters of greater demand.

    This pre-foreclosure phase cou

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    dly reminder letter to let the owner know they are behind on their payments. If the property owner still does not pay, the lender sends letters of greater demand.

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    payments. If the property owner still does not pay, the lender sends letters of greater demand.

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    This pre-foreclosure phase could be good for a real estate investor. People going into foreclosure may be willing to sell the house for a discount price to an investor to save their credit. Although pre-foreclosure is an unfortunate situation, this is way to avoid foreclosure. In both cases, bot

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