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Frequently Asked Questions

How often do you have foreclosure sales?

Tax Foreclosures FAQ
Pitt County has foreclosure sales throughout the year. Properties for sale are advertised two consecutive Sundays prior to sale in The Daily Reflector. Notices of Sale are also posted on the Courthouse bulletin board for 20 days prior to the sale.
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When are Tax Foreclosure Sales held?

Collin County Tax Assessor and Collector: FAQ
Auctions are scheduled for 10:00 a.m. the first Tuesday of the month at the east entrance of the courthouse at 210 South McDonald Street, McKinney, Texas. Information on these properties is only available by going to the courthouse and looking at the postings located in the east foyer. The redemption period starts the date the deed is filed. Properties without homestead or agricultural exemptions are subject to a six month redemption period.
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Are tax sales and foreclosure sales the same?

MDauctions
No, once a foreclosure sale is done, the previous owner has no right of redemption on the property. At a tax sale there is generally a 6 month right of redemption, i.e. the owner has the right to make good on the taxes due and thus keep his/her home.
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How do I find out about mortgage foreclosure sales?

Leon County Clerk of Courts
The sale dates and final judgments can be viewed at www.clerk.leon.fl.us by clicking "View Foreclosures" under "Online Searches" on the Clerk's homepage. You will see the list of sales scheduled, and may select a date to view the case number, style of the case and legal description.
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Do Sheriffs and Constables do Foreclosure Sales?

Collin County Constables
No, Foreclosures are non-judicial, the sales are usually conducted by a trustee appointed by the financial institution that holds the loan on the real property.
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What are tax foreclosure sales?

Facts & Answers-Comal County, Texas
After all other avenues are exhausted for the collection of delinquent taxes, a tax foreclosure sale is scheduled. A notice of the auction is advertised three times in the Public Notices section of the New Braunfels Herald Zeitung newspaper beginning twenty-one days before the date of the sale. The highest bidder must pay at the time of sale by cash, or cashier’s check. A Sheriff’s Deed is issued and must be filed in the County Clerk’s Office.
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Where are foreclosure sales advertised?

The Gwent Group - Services for the Financial Services Indust...
In jurisdictional "newspapers of record". Every county and city has at least one. A foreclosure sale is required to be advertised a specific number of successive weeks prior to the sale. It is within the realm of possibility, particularly if an owner has a property that is not particularly desirable, and is willing to do almost anything to move the house. But the reality is that most property sales require deposits, generally in the range of 10%-15% of the desired purchase price.
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Where are foreclosure sales held?

These answers are in the Judge's Requirements, and every Jud...
Foreclosure sales are held on the steps of the courthouse in DeSoto County, in the main lobby of the Manatee County Courthouse and in the Historic Courtroom at the Sarasota County Clerk's Office, 2000 Main St., Sarasota, FL 34237.
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When and where are mortgage foreclosure sales held, and how are they conducted?

Leon County Clerk of Courts
Mortgage foreclosure sales are conducted by the Clerk's office according to Section 45.031, Florida Statutes, and are held at 11 a.m., Monday through Friday. The sales are held in the north rotunda, plaza level of the Leon County Courthouse. Prior to the bidding, the deputy clerk conducting the sale will read an announcement informing potential buyers of their rights and responsibilities under Florida law. A description of the property may also be read at this time.
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What is a foreclosure?

Frequently Asked Questions
A foreclosure is a legal process in which a bank or other secured creditor sells or repossesses a piece of real property because the owner has failed to make payments on their mortgage. There are four ways the foreclosure process can end: The borrower makes an arrangement with the lender to pay off the default amount to reinstate the loan. The borrower sells the property during the pre-foreclosure period.
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Leon County Clerk of Courts
When property is mortgaged, the property is transferred to a creditor to be used as secured collateral on a loan. The individual exchanging the property for the loan becomes the mortgagor, and the creditor acquiring the property title becomes the mortgagee. If the mortgagor defaults on the loan payments associated with the mortgage, the creditors can take legal action to enforce a mortgage against the property and prevent the mortgagor from keeping the property.
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BayAreaForeclosuresHelp.com | Foreclosure Help
Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on house payments and is unable to catch up, often due to circumstances outside of his or her control. When the lender forecloses on the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home.
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M&G Homebuyers - FAQ
Foreclosure is the legal process which banks and mortgage companies use to force the sale of your home in order to repay the mortgage on your home. Back to the top
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FAQ: Real Estate Investing | Real Estate with Bad Credit | F...
A foreclosure is when a bank has not received payment on the mortgage and starts legal proceedings against the mortgagor (the people who owe money). These legal proceedings can take up to a year into moving the property up to an auction date where it is sold at the court house to the highest bidder.
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American Housing Authority | FAQ
In simple terms: you have fallen behind on paying your mortgage payments and per your signed agreement (when first getting the house) they have now executed their right to put the house up for sale to pay back the money you owe them.
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Back to top What is Foreclosure?

VLD Realty Trust Deed Investments: Investment FAQs
This is the legal process a lender uses to gain control of real estate used as collateral for a mortgage. In California this process takes at least 3 months and 21 days. H:
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Frequently Asked Questions
Foreclosure is a legal action taken by the lender wherein a homeowner could lose their home and all rights and privileges associated with homeownership. After a foreclosure action is completed, the owner no longer holds legal title to the residence and, in most cases, will be required to vacate the subject property.
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Ask Baird & Warner - FAQ
To get a mortgage, you give the lender the right to take your home away from you and sell it to pay the balance due on the mortgage if you don't make your loan payments, don't pay your property taxes, let your homeowners insurance policy lapse, or do anything else that financially endangers your home. The legal action to repossess a home and sell it is called a foreclosure. Every year, hundreds of thousands of homes end up in foreclosure.
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BUY YOUR DREAM HOME!
quot;Foreclosure" is a legal action undertaken by a lender to sell a mortgaged property, in order to pay a defaulted borrower's debt.
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Good Deeds LLC-Foreclosure FAQ's
In simple terms: you have borrowed money using your house as collateral with the agreement that if you could not pay them back, they could take the house. You have not now been making the payments, and they are taking back the house.
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Frequently Asked Questions on Loss Mitigation
When homeowners fall behind on mortgage payments, a foreclosure may occur. A foreclosure is a process in which a financial institution repossesses or sells a piece of property because of a loan default. Mortgage lenders usually consider a mortgage to be in default when payments haven't been made in three months. When a mortgage loan is in default, the mortgage lender can start the foreclosure proceedings on the property.
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FORECLOSURELIST.CA - Your Source for Foreclosures in BC
A foreclosure is essentially a situation in which a homeowner is unable to make payments of principal and / or interest on their mortgage. The lender, can then seize and sell the property as per the terms of the mortgage contract. The foreclosure process can result in a highly motivated seller and potentially a significant discount for the purchaser.
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Merlin's Mortgage, LLC
With Merlin's Mortgage, as early as one year after a foreclosure you may qualify for 100% financing with two of three credit scores as low as 580. Three years after a foreclosure you may qualify for 97% financing on FHA loans and 100% financing on VA loans at single digit interest rates.
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American Financial Mortgage
A legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. Also known as a repossession of property.
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Option One Online > Home Retention > Questions and Ans...
Foreclosure is when the lender takes possession of a property because the borrower is unable to make their loan payments. In a foreclosure, the borrower is required to move out of the property once the foreclosure sale is complete.
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Stop Foreclosure FAQS : stopforeclosureoption.com
Home foreclosure is a process in which a lender reclaims a property which they have financed. This normally occurs when the borrower or homeowner is behind on mortgage payments and is unable to become current. This generally is due to circumstances beyond the homeowner's control. When forecloser takes place, the homeowner must vacate the home forefitting possession of the property and risking any possible equity.
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Foreclosure: Frequently Asked Questions about the Foreclosur...
Foreclosure is the process in which a lender (bank, mortgage company, etc.) is legally allowed to claim a piece of property as a result of non-payment on a loan. This most commonly occurs when a homeowner is unable to pay his mortgage. The state of Ohio has a judicial foreclosure process. This means that mortgage companies must file a lawsuit in order to redeem their collateral (your house). In the end, your home may be sold at a public auction to the highest bidder.
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