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The lender initiated foreclosure proceedings on these Attributes as the proprietor(s) had been in default on their own financial loan obligations. Pre-foreclosures also incorporate Qualities for which a foreclosure auction is scheduled. These properties are usually not located over a multiple listing support (MLS).
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These Qualities are at this time outlined for sale. They can be owned by a lender or even a lender who took possession through foreclosure proceedings. These are generally generally known as bank-owned or real estate property owned (REO).
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