// Glossary
Pre-Foreclosure
The period after a default notice but before the property goes to foreclosure sale.
Definition
Pre-foreclosure begins when a lender files a notice of default or lis pendens and ends if the owner cures the default or the property is sold at auction. It's a prime motivated-seller signal, and because these owners are often hard to reach and under pressure, skip tracing a current phone is usually needed to make contact in time.
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