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.
0 comments:
Post a Comment