You will need to get an enforcement department. with the lender conducting the execution to postpone the auction instead of accepting your bid. … Homeowners are technically still the rightful homeowners and should have the right to sell it before the auction.
What happens at a foreclosure auction?
Usually, the lender starts bidding for the amount he owes the property, plus any foreclosure fees. At the auction, the property gets the highest bid. This may interest you : How does silent auctions work. At the end of the auction, the new owner of the apartment receives a trustee’s document as proof of ownership of the property.
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