The Preforeclosure Stage

A pre-foreclosure sale takes place between the time when the lender files suit and when the property is scheduled to be sold at a public foreclosure action or a trustee’s sale. Here’s an overview of the benefits of buying pre-foreclosure properties so you can contrast them with the disadvantages of the foreclosure and REO stages
• Ability to research inspect property/more accurate value estimates
• The potential for minimum cash outlay
• Deep discounts
• Ability to avoid the potentially expensive bidding process
• Greater profits
• Ability to structure sales agreements in a creative fashion
• Less hassle from third parties (lenders, etc.)

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