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.
Actual Pre-foreclosure Periods. Your lender isn't legally required to foreclose your loan once it's allowed to actually do so. In other words, during pre-foreclosure you and your mortgage lender might try to work out a foreclosure avoidance solution and your lender may hold off foreclosing.