Legal Question in Real Estate Law in Florida
In real estate law, what does the term pre foreclosure mean?
Asked on 5/25/11, 7:55 am
1 Answer from Attorneys
David Labovitz
Labovitz Law Firm, P.A.
Nothing. Pre-foreclosure is not a legal term. It is used by lenders. In law, if a case is filed, you are in foreclosure; if there is no foreclosure case filed, then you may be in default, but you are not in foreclosure.
Answered on 5/25/11, 8:19 am
Related Questions & Answers
-
Form for changing terms on a promissory note i.e interest rate Asked 5/24/11, 4:27 am in United States Florida Real Estate and Real Property