Auction Homes - A Foreclosure Sale is the public auction of a property conducted to repay a defaulted loan. Foreclosure Sales are known as Trustee Sales in certain states where a Trustee is assigned to perform the auction on behalf of the beneficiary which is usually a bank or lender. Foreclosure Auctions offer a great opportunity to buy a home below market value and take place almost every day across the country. Anyone can attend a foreclosure sale and bid on a property.
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