you posted you're question in the wrong location. You're in the strong neighborhood near Strong Hospital and UofR. We're property managers and can assist you in your search. Please send an email to UpdegraffGroup@gmail.com and a property manager will call you during business hours.
THE DIFFERENCE IS A PRE -FORECLOSURE IS WHEN A HOMEOWNER IS IN DEFAULT ON THEIR MORTGAGE (BEHIND IN PAYMENTS) BUT THEY STILL OWN THEIR HOME AND THEY HAVE A CHANCE TO GET THEIR MORTGAGE REINSTATED BY PAYING THE REARS OR DO A SHORT SALE OR SALE THEIR HOME DOING A QUICK SALE. A FORECLOSURE IS WHEN THE HOMEOWNER FAILS OR IS NOT ABLE TO DO ALL THAT I JUST MENTIONED IN THE PRE-FORECLOSURE STAGE AND THE HOME IS USUALLY AUCTIONED OFF AT THE LOCAL COURTHOUSE OR BY AN AUCTIONEER. IF IT DOES NOT SELL AT THE AUCTION THAN IT IS BOUGHT BACK BY THE BANK AT THE AUCTION. IT IS THEN BANK OWNED AKA "REO". HOPE THIS HELPS.... more