Pre-foreclosure means a property has entered the beginning stages of a foreclosure action. It also means that when you find a property in "pre-foreclosure," you possibly have the chance to purchase it for below market value.
Why? Because the homeowner might be trying to sell the property before the foreclosure sale-and could be much more likely to accept a discount to do so.
It means exclusive investment opportunities are knocking.
And RealtyTrac opens the door.
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