Foreclosure Auction

Receive Foreclosure Listings By Email Foreclosures often result in lower prices for home buyers. In their answer to the complaint, the Reese debtors admitted the indebtedness, but claimed that the Bank was required to foreclose on the property securing the debt and obtain judicial confirmation of the foreclosure sale prior to seeking a judgment.foreclosure

Required Bond: A bond in an amount equivalent to the use of the property for a period of twelve months shall be filed, to indemnify the debtor in case it is shown that the sale was made without violating the mortgage or without complying with the requirements of this Act.

Konop issued a similar call to the Sheriff earlier in the month for a 90-day foreclosure moratorium, but Lucas County Sheriff James Telb so far has refused to follow the lead of sheriffs in jurisdictions such as Cook County, IL, Butler County, OH, and Wayne County, …