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The auction will be from 10 a.m to noon, according to Bid4Assets, an online marketplace for distressed real estate sales based in Silver Spring, Maryland. No more in-person Oklahoma County sheriff ...
A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority. [1] [2] [3]
The foreclosure was on a $13 million junior loan, an additional loan similar to a home equity loan. The lender of this loan has a secondary claim to the property.
Once the formal foreclosure processes are underway, these properties can be purchased at a public sale, usually called a foreclosure auction or sheriff's sale. If the property does not sell at the public auction, then ownership of the property is returned to the lender. [11] Properties at this phase are called Real Estate Owned, or REOs.
Trump then purchased the land from Bank of America for $3.6 million, a significant discount from the $16 million the bank had paid at the foreclosure auction to retain the property and Kluge's original $100 million asking price the prior year.
Kim Zolciak and Kroy Biermann’s Georgia Home Put Up for Public Auction. The estranged couple, who met on 'The Real Housewives of Atlanta,' first listed their Alpharetta mansion for $6 million in ...
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