Q: How Do Pre-Foreclosures Work?
Here’s how you can go about buying a home that’s in “pre-foreclosure.”
A pre-foreclosure property is typically not for sale, and it’s mostly a designation that means the current owner is behind on payments or taxes. In some cases, the owner will catch back up; in others, it proceeds to becoming a foreclosure and you will have the opportunity to buy at the courthouse steps. We’ve reached out to pre-foreclosures in the past to see if they’d consider selling, but they’re typically not interested.
If you have any questions, reach out to us via phone or email. We’re happy to help.