pre-foreclosure sale

Definition of "pre-foreclosure sale"
  1. A sale that lets a borrower who has failed to meet loan obligations sell their mortgaged property to fulfill the loan and prevent foreclosure
How to use "pre-foreclosure sale" in a sentence
  1. To avoid losing his house, he decided to go for a pre-foreclosure sale.
  2. A pre-foreclosure sale allows homeowners to sidestep the damaging effects of foreclosure.
  3. She hired a real estate agent for the pre-foreclosure sale of her property to settle her defaulted mortgage.
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