The Sensitivity of Pre-Foreclosures

Missing a single payment on a mortgage can cause the mortgage lender to consider a pre-foreclosure. It is a leading indication that the homeowner is having financial difficulties. Being sensitive to the residents is key in approaching someone that is headed for their home to become placed in foreclosure listings. By researching the property in advance and negotiating a short sale, the end result can be a win-win situation for both the buyer and the seller.