Title: What Is Property Liquidation? | Home Guides | SF Gate
Headings: What Is Property Liquidation?
What Is Property Liquidation?
Executor Property Liquidation
Get the Best Mortgage Rate for You
Foreclosure Liquidation
IRS Seized Property
Bankruptcy Liquidation

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Foreclosure Liquidation
When a homeowner is unable to meet the obligations of their home mortgage loan and become delinquent in payments, foreclosure proceeds start. The bank has the right to take the property back if a borrower is in default on the loan. The items in the home still belong to the borrower, so the entire estate isn't being liquidated. Once the foreclosure process is complete and the homeowner has vacated the property, the bank may hold an auction to liquidate the home and regain its capital funding. IRS Seized Property
The IRS has the right to seize property for delinquent tax bills. This can include real estate, automobiles, jewelry or any other items of value. The IRS uses a public auction to sell the items.