Paris-Henry County, Tennessee. You might think we are big â Kentucky Lake, the largest manmade lake in the Southeast, a big catfish on a pole, the Worldâs Biggest Fish Fry, big smiles, big hearts that volunteer to help one another and raise over $200,000 a year for local charities selling homemade pies and casseroles.
DEFINITION of 'Pre-Foreclosure' Pre-foreclosure refers to the state of a property that is in the early stages of being repossessed due to the property owner's inability to pay an outstanding mortgage obligation.
Shares & Saves. Save. When a homeowner fails to make timely mortgage payments, the mortgage lender -- typically, a bank -- can foreclose on the property. Foreclosure is a legal process in which the homeowner loses title to the home and the lender receives the property or a sum of money from selling the property.Lenders must publicly announce when they begin foreclosure proceedings, which is information you can use if you wish to buy the property.hares & Saves. Save. When a homeowner fails to make timely mortgage payments, the mortgage lender -- typically, a bank -- can foreclose on the property. Foreclosure is a legal process in which the homeowner loses title to the home and the lender receives the property or a sum of money from selling the property.