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.
Mortgage pre-foreclosure begins when your lender records and then sends you a notice of default. Once you've defaulted on your mortgage your lender must then give you a legally mandated period of time to cure that default.Pre-foreclosure periods in states such as California, where nonjudicial foreclosure without use of the courts is common, are relatively short.ortgage pre-foreclosure begins when your lender records and then sends you a notice of default. Once you've defaulted on your mortgage your lender must then give you a legally mandated period of time to cure that default.