What is A Pre-Foreclosure in Houston and surrounding areas.?
Whether you’ve gotten a pre-foreclosure notice from your lender or come across a pre-foreclosure property for sale, you may be wondering, “What is a pre-foreclosure, and how does it affect you as a homeowner or a homebuyer?” With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. In this article, we will discuss what is a pre-foreclosure and other tips. So what is a pre-foreclosure in Houston and surrounding areas. anyway? Many homeowners across America and Houston and surrounding areas. are facing difficulties making their monthly mortgage payments. So what is a pre-foreclosure? When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “ pre-foreclosure .” Banks and mortgage lenders typically provide three months for the homeowner t...