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how do forclosures and preforclosures work? I am looking for a home in middletown ri?

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February 09 - Middletown
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Hi there. Contact my office. Happy to help. 4015271994. Joshg@alumni.brown.edu.
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February 09
Foreclosure is when a bank or lender is not paid and they take the issue to court to foreclose on the property covered by the mortgage. It goes to auction and is sold, often back to the bank that is owed money. Pre means before, so before foreclosure. It is not really for sale, but signifies it might go to foreclosure in the future, or it might not. I would not focus on those.

Go find a Realtor to work with. It's free to you to use one, so why wouldn't you?
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February 09
 
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how do forclosures and preforclosures work? I am looking for a home in middletown ri?
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Latest answer by Josh Greenwald
February 09 | 2 answers
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