This property is in initial default, also known as Pre-Foreclosure.
The homeowner of this property has missed at least one payment and is now considered delinquent. In order to avoid a full foreclosure, the homeowner may be willing to sell this home at an attractive price. No asking price is posted on Pre Foreclosures because these properties
This is a Short Sale, meaning the property is offered at a price below the balance owed on the property's current mortgage.
Short Sales are a great way to buy a home at an attractive price. The asking price is displayed, but buyers may submit their own reasonable offer.
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