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Overview of the Foreclosure Process
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What happens after the auction?
If you are the successful bidder, what happens after the auction?
  1. Trustee’s Deed; Clerk’s Deed: In most areas you will receive a deed to the property. In areas using a Deed of Trust as the financing device, you will probably be provided a Trustee’s Deed. In other areas the deed might be called a Clerk’s Deed or a Sheriff’s Deed. Either way, these are your ownership documents.
  2. Right of redemption: In some areas your receipt of the Trustee/Clerk’s/Sheriff’s Deed conveys title to the property and the prior owner has no right to redeem (buy back) the property. In other areas the prior owner has the right to redeem for a set period of time. Look at our state pages at USA-Foreclosure.com for state-specific information. We also recommend that you familiarize yourself with local practices by visiting your local title agent, speaking with an experienced real estate attorney, and searching on the web.
  3. What if the property I purchased is occupied? Sometimes the occupant of the house has not left after the auction. If you have been given the deed, in many areas you have the right to take possession within a short period of time after the foreclosure sale. If the occupant does not leave voluntarily, in most areas you can ask the court to evict him.
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