Pre-foreclosure is the name for the legal situation a property is in during the early stages of being repossessed. This usually happens due to four to six months of missed mortgage payments.  Pre-foreclosure status officially begins when the lender files a default notice on the property, which informs the property owner that the lender will pursue legal action toward foreclosure if the debt isn't paid, and the property will be sold at auction.

The pre-foreclosure filing must be made at the county courthouse at least 21 days before the auction.  In Texas and Georgia, the auctions are held on the first Tuesday of each month.  In Florida, the auctions can be held at any time.

What are those different months in the Pre-foreclosure lists for?

The different months in our Pre-foreclosure listings refer to the date of the auction for the property. These are segregated into monthly categories. Please see the photo below.