When a homeowner falls behind on their mortgage payments, their home is at risk of being foreclosed on. A preforeclosure is the stage of the foreclosure process where the homeowner has defaulted on their mortgage payments and the lender has issued a notice of default. TheNotice of Default is the first step in the foreclosure process and it gives the homeowner a certain amount of time to bring their mortgage payments current. If the homeowners don't bring their payments current, the home will be scheduled for a foreclosure sale. There are many companies that offer preforeclosure lists. These lists usually contain the names, addresses, and phone numbers of homeowners who are in the preforeclosure stage. The lists can be used by investors to find properties to buy, by real estate agents to find new clients, or by homeowners who are trying to avoid foreclosure.
Preforeclosure lists services are designed to help people who are in danger of foreclosure. These services provide a list of foreclosed homes in an area so that people can avoid them.
If you are in danger of foreclosure, there are many services available to help you. These services can help you keep your home, sell your home, or assist you in finding a new home. You should contact your local housing authority or a housing counseling agency to find out what services are available to you.
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