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Is a property in pre-foreclosure status (NOD, LIS) always for sale?

April 26, 2017for sale LIS nod pre-foreclosure Property Status

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Is a property in pre-foreclosure status (NOD, LIS) always for sale?

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No, not necessarily. The owner may be pursuing other options; however, an offer from a pre-qualified cash buyer may be the best solution to get the owner out from under the impending foreclosure. You can also make an offer to the owner prior to the scheduled auction date even if the Notice of Trustee Sale (NTS, NFS) has already been filed.