Title: Foreclosure - foreclosure_housing_selfhelp
Headings: Foreclosure
Foreclosure
What is a foreclosure?
Types of foreclosures
Foreclosure Process
Stopping the foreclosure sale
After the foreclosure
Rights of Tenants During a Foreclosure
Help for tenants during a foreclosure
More Information About Foreclosure

Content: the property address; the trustee’s name, address, and phone number; and a statement that the property will be sold at a public auction. At least 21days after the date when the Notice of Sale is recorded the property can be sold at a public auction. The successful bidder must pay the full amount of the bid immediately with cash or a cashier’s check. The successful bidder gets a trustee’s deed once the sale is complete. The lender usually bids at the auction, in the amount of the balance due plus the foreclosure costs. If no one else bids, your home goes to the lender. Note: Before the foreclosure process begins, the lender or loan servicer may send you letters (over the course of several months) demanding payment.