<p class="p__0">Notification of Sale is published in the newspaper of general blood circulation in the county where the property is situated (approximately 3-4 months after the preliminary proceedings are started by the lender.) Once again it varies from one state to another. Redemption Duration. Debtor has statutory redemption period in which to redeem the residential or commercial property, pay all expenses and fees and arrearages to bring the home loan existing.</p>
<p class="p__1">Foreclosure auction or Constable's Sale is held at the court house steps (judicial foreclosure) or other designated place approximately 5 months or more after initial foreclosure proceedings are set up by lending institution. If the home is not cost the foreclosure auction or Constable's Sale, then it ends up being an REO (bank owned real estate) property which is now owed by the bank (<a href="https://en.wikipedia.org/wiki/Mortgage_industry_of_the_United_States">what
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