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pre-foreclosure sale

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flower1 Guest 0.10 Dollars($)	Posted: Thu Feb 28, 2008 12:32 am    Post subject: pre-foreclosure sale When a lender offers this option what does this mean? Thanks, p.s Im new to this forum and have found it to be so helpful! Thanks to all for your comments
jameshogg Joined: 20 Dec 2005 Posts: 1038 Location: nevada 131.64 Dollars($)	Posted: Thu Feb 28, 2008 12:45 am    Post subject: Hi flower, Welcome to forums. A pre-foreclosure sale implies that you will be allowed to sell the property in order to pay off the loan and thus avoid foreclosure. Know more at http://www.mortgagefit.com/pre-foreclosure.html . Thanks
larry Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)	Posted: Thu Feb 28, 2008 6:04 pm    Post subject: Hi flower, Welcome to forum. James is right. Pre-foreclosure sale means you can sell the property and pay off the lender before the foreclosure occurs. It will help you to avoid the negative effect on your credit report. Feel free to ask if you have any further questions. Best of luck, Larry

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