What Is The Difference Between Preforeclosure, Auction and Bank Owned Properties?

When people visit our website SouzaRealty.com for a free foreclosure search, they have the option to search for foreclosures in three different categories within the foreclosure timeline: Preforeclosure properties are those that have been issued a Notice of Default by the lender (“Beneficiary“). This is the first step the Beneficiary takes in the foreclosure process. [...]