Paris-Henry County, Tennessee. You might think we are big â Kentucky Lake, the largest manmade lake in the Southeast, a big catfish on a pole, the Worldâs Biggest Fish Fry, big smiles, big hearts that volunteer to help one another and raise over $200,000 a year for local charities selling homemade pies and casseroles.
DEFINITION of 'Pre-Foreclosure' Pre-foreclosure refers to the state of a property that is in the early stages of being repossessed due to the property owner's inability to pay an outstanding mortgage obligation.
Right of Redemption Before Foreclosure. Redemption allows you to get your home back before or after foreclosure by paying off your mortgage and other costs and fees. A redemption period is a specific time period given to borrowers in foreclosure during which they can buy back, or âredeem,â their property. Read on to learn more about the right of redemption before foreclosure, as well as the right of redemption following foreclosure.