What steps happen, when they occur, and how each presents its own unique and different investment opportunity.
Many of us think of a foreclosure as an auction sale that starts when everyone gathers around the courthouse steps and begins to bid on a property. Once the gavel comes down, it’s over, and the whole thing might take an hour to complete. But technically speaking, a foreclosure is a long series of legal processes that unfold over a period of weeks and months, one after another, culminating in the repossession of property by the lender (or in some cases, by a taxing authority or other interested party).
