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.
Foreclosure is the legal process that allows your lender to take ownership of your property if you donât pay your mortgage. The process usually begins after you miss 4 payments (when your account is 120 days past due). If we canât find another solution â such as a loan modification or short sale â the process ends with your home being sold in a foreclosure sale. We want to help you prevent that outcome. Even after the foreclosure process begins, please work closely with us to find other options.