If you’re behind on mortgage payments in Oregon, you might hear the terms “pre-foreclosure” and “foreclosure.” But what’s the difference — and why does it matter? Here’s what every homeowner should know.Oregon
Foreclosure and preforeclosure represent two distinct phases in the mortgage default process that every homeowner should understand clearly. Though these terms may sound similar, they mark very different stages in the property ownership journey and carry unique implications for both homeowners facing financial challenges and potential real estate investors. What is Foreclosure? Foreclosure is a … Continued