Pre-Foreclosure
A property whose owner has missed mortgage payments and received a default notice, but hasn't yet been foreclosed — a high-motivation lead.
Pre-foreclosure is the window after an owner defaults on their mortgage and receives a notice, but before the foreclosure completes. The financial pressure and deadline make these high-motivation leads.
They convert well but are contested — many investors chase the same lists — so speed and credibility matter. A fast, professional offer beats a slow one chasing the same owner.
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