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Last-modified: 2017-04-21 (金) 05:56:26

If an owner cannot resolve the issue with the lender, the lender will start the default period which is also called "the pre-foreclosure phase". You might see this disclosed in vancouver real estate as Realtors try to show the motivation of the seller. Today, it appears that the pre-foreclosure homes with minor cosmetic repair are still selling close to their market value because lenders want to try and cover their costs. However, you can get deep discounts on 'handyman or fixer upper' homes. At this period of foreclosure, there is about 90 days for an owner to catch up on their payments or a default notice will be issued.