Understanding the Pre-Foreclosure Process: Action is Key
Facing the possibility of foreclosure can be a stressful and overwhelming experience. However, if you're in pre-foreclosure, it means you're still in the early stages, and there are steps you can take to potentially avoid losing your home. Pre-foreclosure typically begins when a homeowner falls behind on mortgage payments, but the foreclosure process has not yet been officially filed. This is a critical time for homeowners to take action and explore their options. Let’s walk through the process and the choices available.