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The lender initiated foreclosure proceedings on these properties since the proprietor(s) were being in default on their own mortgage obligations. Pre-foreclosures also include things like Homes for which a foreclosure auction is scheduled. These Houses are usually not discovered with a various listing services (MLS).
These Attributes are at the moment detailed for sale. They're owned by a lender or get more info maybe a lender who took possession as a result of foreclosure proceedings. They are also known as bank-owned or real estate owned (REO).