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Step 3 Selling The Preforeclosure Owner On You

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What is a preforeclosure? A preforeclosure is a property whose owner has defaulted on the loan payments and whose lender has initiated the foreclosure procedure, usually starting with an official "Notice of Default" to the owner. A preforeclosure property exists during the first stage of the legal procedure, and therefore still belongs to the owner.Lance Young has been an active real estate investor since 1987.

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