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Terms vs Preforeclosure - What's the difference?

terms | preforeclosure |

As nouns the difference between terms and preforeclosure

is that terms is while preforeclosure is the stage at which preparations are made for foreclosure.

terms

English

Noun

(head)

    • Statistics

    * ----

    preforeclosure

    English

    Noun

  • The stage at which preparations are made for foreclosure
  • *{{quote-news, year=2007, date=October 14, author=Christine Haughney, title=Brooklyn: A Bargain Hunter’s Guide, work=New York Times citation
    • , passage=Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure . }}