When do foreclosed homes go to auction in Georgia?

In Georgia a house is ‘foreclosed’ when it is auctioned at the appropriate county’s courthouse auction held the first Tuesday of each month. Only If the lender takes possession of the property at this auction can it sell the property.

How long does it take for a foreclosure to be auctioned?

Foreclosure isn’t a swift process, and banks can take anywhere from a few months to a year or more to auction off your home. Once you receive formal notice of an auction date, however, the time you have to save your home is drawing to a close. Fortunately, foreclosure doesn’t have to be inevitable.

Where can I find a courthouse foreclosure auction?

A Courthouse Auction is a judicial foreclosure sale. It is usually held at the courthouse or at the property itself, and is scheduled and run by either the Sheriff or a representative of the court. Both Sheriff sales and trustee sales can provide values for buyers, and for the purpose of getting the best deal, they are equally as effective.

Where can I buy a house that went up for foreclosure?

The house went up for a foreclosure auction and did not sell; now it’s hanging out until someone buys it. If a lender offers mortgages, the lender website will often have areas where you can browse bank-owned homes. Wells Fargo, Bank of America, and Citibank are just a few.

How much do foreclosed homes sell for at auction?

To help you calculate how much a foreclosed home might sell for at auction, we talked to expert real estate agents with years of experience in the field of foreclosures. How much do foreclosed homes sell for at auction?

In Georgia a house is ‘foreclosed’ when it is auctioned at the appropriate county’s courthouse auction held the first Tuesday of each month. Only If the lender takes possession of the property at this auction can it sell the property.

What happens when a house goes up for auction?

When a home goes up for auction, there’s usually at least one financial claim on the house, usually by the lender who’s been trying to collect on the home loan. An auction price will depend partly on what the owner still owed on the previous owner’s mortgage.

The house went up for a foreclosure auction and did not sell; now it’s hanging out until someone buys it. If a lender offers mortgages, the lender website will often have areas where you can browse bank-owned homes. Wells Fargo, Bank of America, and Citibank are just a few.