Pre Foreclosures

Pre Foreclosures are the beginning process of the Banks or mortgage holder commencement of legal court proceeding.  Once the proceeding begins a Lis Pendens is recorded on the public records and action is started.

This process can begin as early as missing the second payment on a mortgage bering missed. During this process the bank may charge an additional percent of the mortgage, legal fees, and late payment fees.

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Published by

David Rivera

NYS Licensed Real Estate Associate Broker at NEUHAUS REALTY INC. Richmond ROAD , Staten Island, NY 10306 I am a Certified Short Sale Agent and e-Pro certified Equator Elite Agent.

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