preforeclosure

noun

preforeclosure

noun

Etymology From pre- + foreclosure.

1

The stage at which preparations are made for foreclosure

Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.2007 October 14, Christine Haughney, “Brooklyn: A Bargain Hunter’s Guide”, in New York Times:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.