preforeclosure

English

Etymology

From pre- +‎ foreclosure.

Noun

preforeclosure (countable and uncountable, plural preforeclosures)

1. The stage at which preparations are made for foreclosure
   • 2007 October 14, Christine Haughney, “Brooklyn: A Bargain Hunter’s Guide”, in New York Times‎:

     Typically, owners who have missed three mortgage payments or more and whose lenders have filed suit are considered to be in preforeclosure.