What are Preforeclosure Homes? Plus, How to Buy One
Redfin
JULY 8, 2025
When a homeowner struggles to make mortgage payments, their home enters a stage called preforeclosure. This notice informs the homeowner that they have missed a specified number of mortgage payments and are in default of their loan agreement. This requires the homeowner and lender to agree on the sale.
Let's personalize your content