Title: What Is Pre-Foreclosure and When Will Your House Be Repossessed? | realtor.com®
Headings: What Is Pre-Foreclosure and When Will Your House Be Repossessed?
What Is Pre-Foreclosure and When Will Your House Be Repossessed?
What is pre-foreclosure?
Get matched with the perfect agent to sell your home
Loan modification in pre-foreclosure
Deed in lieu of foreclosure
Short sale: Selling a home in pre-foreclosure
How pre-foreclosure affects your credit

Content: What Is Pre-Foreclosure and When Will Your House Be Repossessed? | realtor.com®
Click for complete coronavirus coverage from realtor.com ® News & Insights
Sell
What Is Pre-Foreclosure and When Will Your House Be Repossessed? By Jeanne Sager | Nov 27, 2017
KLH49/iStock
Don't let the "pre" part of "pre-foreclosure" fool you: Pre-foreclosure is serious. While your house won't be taken from you during pre-foreclosure, it's the first step in the whole foreclosure process, which notifies homeowners their property is in danger of getting repossessed. What is pre-foreclosure? If you fall two to three months behind on your mortgage, your lender is typically going to come calling with a default notice on the property; this is how pre-foreclosure begins. A default notice lets homeowners know their lender will start the foreclosure process if the debt is not paid promptly. Pre-foreclosure is essentially the period of time after your lender has notified you that it plans to foreclose on your home, but before the process has been complete and the lender has taken full possession of the home, says Bill Richardson, district sales manager for The Keyes Company, an independent brokerage in Boca Raton, FL.