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Bank Foreclosures Listing

Foreclosing Judiciously

When a home owner fails to pay on the loan of their home, lenders begin the foreclosure process with a judicial sale. This process can take many months to complete. These sales are sanctioned in every state.

Judicial sales typically take place from six months to a year after the homeowner has defaulted. Occupants aren’t required to vacate the property until the house has been sold at the auction. Eviction notices are served to the occupants shortly after the sale.

Foreclosure by judicial sale is the required method in some states. These sales are assigned to a court-appointed official, who conducts the sale of the foreclosed property. This official will make sure that the purchaser of the foreclosed property receives valid title.

Related Foreclosure Articles

Sample Foreclosure Properties

	This cozy three-bedroom home features two full baths, a large living room, and a newly-upgraded kitchen. The backyard includes a removable overhang and a well-kept Jacuzzi. Sale Price: $173,500

	Situated on a half-acre of land, this one-story beauty is primed for family fun. The large, open yard is perfect for running around and playing with pets, and the home features a spacious family room and oversized bedrooms. Sale Price: $207,930

	This pleasant, wood-finished one-story rambler includes four bedrooms and two-and-a-half baths. Other features include built-in shelving units and a walk-in closet in the master bedroom. Sale Price: $215,000