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.
When you buy a foreclosed home, there is a good chance you'll pay less than market value for the house. According to data compiled by RealtyTrac from 2010 - 2011, foreclosure homes are selling for an average discount of 27% , when compared to non-distressed / non-foreclosed properties.his is mission critical. It's possible to buy a foreclosure (or a pre-foreclosure) home at any step of this process. But from a buyer's perspective, there are certain pros and cons associated with each stage. So it's crucial that you understand how the process works.