Buying a foreclosure at auction is the process of purchasing a property that has been repossessed by a lender due to the owner’s failure to make mortgage payments. Foreclosure auctions are typically held by the county or local government in which the property is located.
There are many benefits to buying a foreclosure at auction. One of the biggest benefits is that you can often purchase a property for well below its market value. This can be a great way to save money on your purchase and get a good deal on a home.