Preforeclosure is a stage in the foreclosure process that happens before the home is officially foreclosed on. It is a period of time in which the homeowner has defaulted on their mortgage payments but still has the chance to avoid foreclosure by either selling the home, refinancing the loan, or working out a payment plan with their lender. Learn about preforeclosure, its meaning, and what steps to take if you're facing it. Tips on avoiding foreclosure, negotiating with lenders, and more. Visit: https://tomicproperties.com/blog/f/preforeclosure--what-it-means-and-what-to-do