An auction property is one that is sold or about to be sold at a public auction, usually at the county courthouse. This means that the property owners could not payoff the arrears or sell the property before the date of the auction. The auction is open to all bidders, including investors and homebuyers, and it is sold to the highest bidder. The auction is under the control of the foreclosure attorney who conducts the sale on behalf of the lender.
Texas Foreclosure Property
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