What is a Pre-Foreclosure in Boston?

Homes all across the country are going into foreclosure everyday, so it’s important to understand the process. What is pre-foreclosure in Boston anyway? Many homeowner are struggling to make their mortgage payments each month and when a homeowner misses 3-6 months of mortgage payments, the mortgage lender will issue a warning, called a pre-foreclosure notice, notifying the homeowner to make the … Continued