What is a foreclosure sale?

Answer When a borrower defaults on several mortgage payments, the lender has the right to seek foreclosure. Foreclosure sale refers to a physical sale event at which a foreclosure property is auctioned. T... Read More »

Top Q&A For: What is a foreclosure sale

What is a tax foreclosure sale?

According to the Durham County, North Carolina Tax Administration, a tax foreclosure sale is usually an auction that is held for property that has been seized by a government entity in order to pay... Read More »

What happens after a foreclosure sale?

Foreclosures can be a sticky situation for borrowers and banks. It's important for consumers to know how a foreclosure sale will effect them for many years to come.Credit ScoreAfter a bank foreclos... Read More »

How to Buy Foreclosure Homes for Sale?

Get the upper hand when buying foreclosure homes for sale.

Is a short sale a foreclosure?

A short sale is not a foreclosure. It is often used when a home is in pre-foreclosure to help the seller avoid foreclosure proceedings. In a short-sale, the property owner usually takes a deal for ... Read More »