<p class="p__0">Notification of Sale is released in the newspaper of general circulation in the county where the home lies (roughly 3-4 months after the preliminary proceedings are begun by the lender.) Again it differs from state to state. Redemption Period. Debtor has statutory redemption period in which to redeem the home, pay all expenses and fees and arrearages to bring the mortgage current.</p>
<p class="p__1">Foreclosure auction or Constable's Sale is held at the court house steps (judicial foreclosure) or other designated place roughly 5 months or more after initial foreclosure proceedings are instituted by lender. If the property is not cost the foreclosure auction or Sheriff's Sale, then it becomes an REO (bank owned realty) residential or commercial property which is now owed by the bank (<a href="https://en.wikipedia.org/wiki/Mortgage_law">how to rate shop for mortgages</a>).</p>
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