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The lender initiated foreclosure proceedings on these properties as the operator(s) had been in default on their financial loan obligations. Pre-foreclosures also include things like properties for which a foreclosure auction is scheduled. These properties usually are not uncovered with a many listing company (MLS).
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These properties are owned by a financial institution or perhaps a lender who took ownership by means of foreclosure proceedings. They may shortly be shown for sale. These properties will not be found with a multiple listing services (MLS).
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