Zillow Advice: Home Buying - Does pre-forclosure property involve the mortgage? http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ Zillow Advice | Zillow Real Estate A pre foreclosure (which ... http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ A pre foreclosure (which isn't a foreclosure)&nbsp;&nbsp;and be any number of liens on a property including but not limited to a mortgage, 2ed mortgage, unpaid RE taxes, even a contractor&nbsp;lien.&nbsp;&nbsp;&nbsp; Thu, 30 May 2013 17:10:00 GMT http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ 2013-05-30T17:10:00Z I agree with Joseph. Besides ... http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ I agree with Joseph. Besides mortgage, there may be other various debts involving the property. You should do a thorough lien search to determine all outstanding debts. And make sure you do a continuation right before closing in case any other liens pop up at the last minute. Good luck! Thu, 30 May 2013 16:21:00 GMT http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ 2013-05-30T16:21:00Z Not sure I understand the ... http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ Not sure I understand the question.&nbsp; Anyone with a lien on the property can file to foreclose.&nbsp; The mortgage is the instrument used to foreclose on the note.&nbsp;&nbsp; A HOA can foreclose on a property for failure to pay association dues but does not have a mortgage or note.&nbsp; <br/> Thu, 30 May 2013 02:23:00 GMT http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ 2013-05-30T02:23:00Z Yes, that is precisely what ... http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ Yes, that is precisely what a pre-foreclosure means. The owner/seller is behind on their mortgage and the creditor is threatening to foreclose. The foreclosure has not occurred yet.<br/><br/>During this period the seller still has an chance to redeem the back payments or negotiate a work out with the creditor. Workouts usually take on the form of a short sale or loan modification.<br/> Thu, 30 May 2013 02:21:00 GMT http://www.zillow.com/advice-thread/Does-pre-forclosure-property-involve-the-mortgage/494532/ 2013-05-30T02:21:00Z