Government Foreclosure Auction: What Is It?
January 19th, 2010 at 08:52pm Under mortgage refinancing
Foreclosure often brings confusing thoughts to some people who don’t really understand the process or how it can benefit some people. But the government, and not just banks, can also seize property, farms, ranches, condominiums or mobile homes. The US government can seize property from anyone who owes them a lot of taxes or who defaulted on a VA home loan. Usually the property will be sold at a government foreclosure auction, but there are times it may be handed over for social programs instead.
The Process
Tags: foreclosure, government foreclosure auction
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