Tag : pre foreclosure attorney in Covina

What are some of the distinctions between short sales and pre-foreclosures?

A homeowner is frequently given the option of going through pre-foreclosure or selling their home short. Pre-foreclosure is not the same as a short sale. The status of an account is pre-foreclosure. You are in pre-foreclosure if you are behind on your mortgage payments and the lender has started but not completed the foreclosure procedure. […]