When a person buys a home, he has to take a loan regularly. The lenders, generally banks, keep the title to home collateral in this case. When the person is unable to pay the dues and payments in time, the ownership of the home is moved to the lender. Transferring of ownership to lender is called Foreclosure.
How to Buy Bargain Property at Auction
Do you want to invest in profitable property or simply buy a new home at a bargain price? If so, you want to consider property auctions.