What can you tell me about pre forclosed homes?

Answer by  stevelb22 (32)

Pre-foreclosed homes offer a buyer the opportunity to purchase a home before normally at a cheaper price because although foreclosure is imminent the expensive process has not actually begun.

Answer by  Rose (6804)

Be very careful when buying homes that are in pre forclosure, there could be damage to the home and you need to make certain that the bank will approve the sale. Also consider that often these homes are sold as is.

Answer by  Antony (169)

Usually, a foreclosed home will be sold through foreclosure auction, but sometimes there is the unique opportunity to buy the foreclosure property before this happen, and that form of foreclosure buying opportunity is called pre foreclosure. Pre foreclosures are homes that are available for the purchase through foreclosure sales. Its very interesting.