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In this "power-of-sale" type of foreclosure, if the debtor fails to cure the default, or use other lawful means (such as filing for bankruptcy to temporarily stay the foreclosure) to stop the sale, the mortgagee or its representative conduct a public auction in a manner similar to the sheriff's auction.
They were put up for auction as individual lots in September as part of a foreclosure sale. ... Another real estate and development interest bought 1165 Nantasket. Hingham developer Thomas J ...
The auction, scheduled for Friday, had attracted 42 bidders and an opening bid of $16.5 million for prime properties that were owned and marketed by Grove developer Doug Cox, who is accused of ...
When the owner of the rental units failed to pay his mortgage, a company under the control of local developer Kevin Timochenko snapped all of them up for $7,200 at a foreclosure auction.
A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner.
REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
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