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Tuesday, 7 May 2013



This is the first phase of the agoclosure process and is
 known as Pre-foreclosure period. The list of all the
 properties is posted in the media for the information
of the people and a copy of the foreclosure notice is also
affixed view on the concerned property.

The Court throught an order for foreclosure of the said
property and selling the property by people auction specifying
 the history and time of the auction at the court premises
(normally months after). The auction takes place according
 and the property is moved to the highest bidder at the auction.

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