Florida Foreclosure Auction Web Sites Confuse Consumers

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The Florida Senate. Home. Daily Digest.. the clerk of the circuit court shall prepare and forward a certified copy of the decree of foreclosure and sale and of the decree of confirmation of sale to the clerk of the circuit court of every county wherein any of the mortgaged lands, railroad.

Call 407-839-1111 contact Robert E. Strick, an experienced orlando foreclosure and bankruptcy lawyer. Consulting an Orlando foreclosure and bankruptcy lawyer will allow you to traverse the financial obstacles that confront Orlando homeowners when facing foreclosure or in contemplation of filing an Orlando bankruptcy petition.

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Several government agencies sell items to the public through both live and online auctions. These auctions, especially online ones, let you purchase government-owned assets across the country and U.S.-owned territories. Agencies sell many types of items such as vehicles, computers, and real estate.

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Summarizes the 2009 Foreclosures state legislation. Requires a foreclosure notice to be mailed to the borrower containing the names of the parties to the mortgage, a legal description of the property, the default, and the mortgagee’s intent to sell with a warning in conspicuous type.

 · A “foreclosure” is the process in which a lending institution tries to recover a portion of the outstanding mortgage balance from a homeowner who has defaulted on their loan. They typically do this by selling the property at a foreclosure auction. Buying a foreclosed home offers real estate investors a great opportunity to buy low.

HSBC will have an attorney present at the public auction and will make an opening bid that is often equivalent to the amount owed on the home loan. If this bid is not exceeded by another bidder, then the property is then owned by HSBC. These repossessed properties are known as HSBC REO properties or HSBC foreclosures.

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