What Does Foreclosure Mean On Zillow? - CountyOffice.org

What Does Foreclosure Mean On Zillow? If you come across a property listed as "pre-foreclosure" on Zillow, it indicates that the homeowner is experiencing difficulties with mortgage payments, leading to the start of the foreclosure process. This video will clarify what pre-foreclosure means and how it affects potential buyers. We will explain the steps involved when a homeowner falls behind on payments, including the issuance of a public notice, which marks the beginning of legal proceedings.

You'll learn about the implications of pre-foreclosure listings, including the fact that these homes are not currently available for sale. We will also discuss the role of lenders in this process and their preference to avoid the costs associated with foreclosure. If you're looking for properties to buy, we will share the best practices for finding homes that are actively for sale, emphasizing the importance of working with a real estate agent who has access to the local MLS.

Join us for this informative discussion and subscribe to our channel for more helpful information on real estate and property matters.

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