A Structured Foreclosure Process
In a state with a judiciary legal system, the beginning of foreclosure is marked with the filing of the case, while in a non-judiciary legal system, the beginning of foreclosure is marked with the filing of the Notice of Default and/or the Notice of Trustee Sales. Both of these stages, to the foreclosure process, is known as the time of pre-foreclosure -when you can make the most cash from the transaction or case.