Home Auctions - the Second Stage of Foreclosures

Home Auctions - the Second Stage of Foreclosures Posted: 04 May 2008 The auction is the stage of the foreclosure (The legal process instituted by the lender in a mortgage loan after the borrower’s default.) process in which the default or preforeclosure (A preforeclosure occurs after a homeowner has defaulted on their property, but before it has been sold at auction. )phase of the property has ended. The lender is now seeking to recapture its losses by auctioning the property in a public sa more…

Tags: home equity loan, foreclosure