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Notice Of Foreclosure Sale

A notice of foreclosure sale is a document that must be published to officially finalize a foreclosure. After a foreclosure has been processed, the home becomes the property of the bank or other lender. At this point, the lender must regain the money owed through a sale, which must be accompanied by the proper notice. By law, the notice of foreclosure sale is to be delivered in unison with the notice of default, at least 21 days before the foreclosure set is set to occur. Most state laws require that the notice be dispatched to each of the parties involved - owner, mortgagors, dwelling units, and any lien holders. In addition to mailing the notice, it is also normal for the notice to be published with local newspapers, announcing the sale to the public. In place of a newspaper listing, the notice can also be displayed at the site of foreclosure in the form of a sign or document.

Fast Facts

  • Foreclosure sales are often identified by signs on the exterior of the home

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