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<p class="p__0">Notification of Sale is released in the paper of general flow in the county where the home is located (roughly 3-4 months after the preliminary procedures are begun by the lender.) Again it differs from state to state. Redemption Period. Customer has statutory redemption period in which to redeem the residential or commercial property, pay all costs and fees and arrearages to bring the home mortgage present.</p>
<p class="p__1">Foreclosure auction or Constable's Sale is held at the court home steps (judicial foreclosure) or other designated place around 5 months or more after initial foreclosure procedures are instituted by lender. If the property is not offered at the foreclosure auction or Constable's Sale, then it becomes an REO (bank owned property) residential or commercial property which is now owed by the bank (<a href="https://en.wikipedia.org/wiki/Second_mortgage">mortgages
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