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Foreclosure in Northeast Philadelphia : Real Estate Advice

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Tue Oct 16, 2012
Tim Moore answered:
Pre-foreclosure means it is a short sale house with a more appealing name to those looking for perceived deals. They are still a short sale which means they will be long and frustrating and they may not go through. Unlike some short sales, there is no impending foreclosure auction on the horizon, when they use the term per-foreclousure it tells me the owner is throwing the Hail Mary pass to avoid the foreclosure auction in the near near future. These often get offers made on them but the bank just goes ahead and forecloses which means your purchase is not going to happen. ... more
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