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.

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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