What Is Preforeclosure?
September 10, 2022As its name suggests, the term “preforeclosure” refers to the time period leading up to a foreclosure. The preforeclosure stage begins when a homeowner misses a mortgage payment and ends when the bank serves them with a foreclosure summons, which the bank is generally not allowed to do until at least 120 days have passed since a missed payment. Below, …
Read More