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.
FHA may excuse a previous foreclosure if it was the proven result of a serious event, or extenuating circumstance. Foreclosure is the legal process by which a lien holder, usually a mortgage lender, deprives a borrower of his ownership rights on the property because of the borrower's failure to repay the loan.