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?

What happens at a foreclosure auction?
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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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