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.
House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is a legal process in which a lender claims possession of property belonging to a borrower, who has stopped making payments to the lender. In the United States the term is used for a forced sale of the property used as the collateral for the loan.