Pre-Foreclosure: Properties officially in default and headed to a foreclosure auction unless the homeowner can cure the default prior to the auction taking place.

Auction: Properties that have been scheduled for a public auction where the property will be sold to the highest bidder, usually at the county courthouse.

Bank-Owned (REO): Properties that have been repossessed and are owned by the lender or the bank. They may or may not be listed for sale on the market; however, most lenders want to sell these properties quickly.

Information provided by RealtyTrac, Inc. RealtyTrac, Inc. is the leading online marketplace for foreclosure properties, provides all the resources that home seekers, investors and realtors need to locate, evaluate and buy properties at below market value.