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.
First step: Get pre-approved If financing is going to be needed, youâd be wise to begin talking to lenders long before attempting to buy a foreclosure property. Aim to become pre-approved for a mortgage, not just pre-qualified.inancing a Foreclosed Property. Being prepared is the key to financing a foreclosed property. The good news is, if a foreclosed property is in decent condition and you have a good credit history, the deal could work like a traditional home purchase.