It is in the Pre-fopreclosure stage. If you are interested in foreclosures please contact me so I can help you find the perfect home and explain the different processes.
Pre-Foreclosure (Notice of Default or Lis Pendens):
Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance â€” usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction â€” this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction.