Pre Foreclosure - Zillow

[Aaron Vargas]

My wife and I have just started our journey in real estate investing. We have been reading and learning as much as we can. We have started looking at properties.

My question is... What are the pros and cons of the properties listed as pre foreclosure on Zillow?

From doing a little research, as I understand it, pre-foreclosure means that an owner is in default. Are the properties listed on Zillow mostly just data dumps since defaults become public records? Or are these properties that are actually up for sale?

Thanks for your help!