pre-foreclosure

FI_PreforeclosureZillow

What is a pre-foreclosure on Zillow?

When looking for homes on Zillow, you are likely to find listings termed as “pre-foreclosure”. Pre-foreclosure is one of the property types that is different from a standard for sale or rent listing. Other unique property types includes auction and foreclosure. These listings can be confusing as they are often not available for sale through […]

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pre-foreclosure properties

Pre-foreclosures: buying a pre-foreclosed property

What is a pre-foreclosure? The term “pre-foreclosure” is used a lot on property websites and in the foreclosure process. So what is a pre-foreclosure? Simply stated, a pre-foreclosure is in the process of being foreclosed by a lender. The foreclosure process has been started but is not completed. The foreclosure process varies by state. Stakeholders […]

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snail house

Community Questions: Pre-foreclosures

A reader of The Bank Foreclosure Guide site ask: “If a home is pre-foreclosure, how can we see the home, and/or make a bid on the home? I am a real estate agent that one of my regular customers has asked about. “ Basically, the answer is the only person that can agree to showing […]

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shadow inventory

What is shadow inventory?

If you listen to the media at all, you probably have heard the term “shadow inventory” when referring to the housing crisis or bank foreclosures.  Shadow inventory is a vague term and is often referred to in billions of dollars.  What is the shadow inventory? Investorpedia describes shadow inventory as…. A term that refers to […]

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