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.
Default notices and their delivery methods vary according to state foreclosure laws. Seeking Pre-foreclosure Sales. Homebuyers may look for properties in pre-foreclosure to get a bargain price. Lenders sometimes allow homeowners to sell properties in pre-foreclosure, but the sale amount usually isn't enough to pay off the outstanding mortgage debt.