preforeclosure
English edit
Etymology edit
pre- + foreclosure
Noun edit
preforeclosure (countable and uncountable, plural preforeclosures)
- The stage at which preparations are made for foreclosure
- 2007 October 14, Christine Haughney, “Brooklyn: A Bargain Hunter’s Guide”, in New York Times[1]:
- Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.