<p class="p__0">Notice of Sale is published in the newspaper of general flow in the county where the property is located (roughly 3-4 months after the preliminary proceedings are begun by the lender.) Once again it differs from state to state. Redemption Period. Debtor has statutory redemption period in which to redeem the property, pay all costs and costs and arrearages to bring the home loan current.</p>
<p class="p__1">Foreclosure auction or Sheriff's Sale is held at the court house actions (judicial foreclosure) or other designated place approximately 5 months or more after preliminary foreclosure proceedings are set up by lending institution. If the home is not offered at the foreclosure auction or Constable's Sale, then it becomes an REO (bank owned genuine estate) residential or commercial property which is now owed by the bank (<a href="https://en.wikipedia.org/wiki/Second_mortgage">what
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