What is hidden foreclosure

Question

What is hidden foreclosure

Answer 1

This refers to properties that did not go to foreclosure, or at least have not yet, but really are foreclosures.  For example if you short sold your home to avoid foreclosure this would never be listed as a foreclosure but it really would've been similiar since the bank took a loss on it and your sold it at a distress price just to avoid the foreclosure (and having your credit hurt).