Foreclosure & Default Management
Our Default Management practice group provides skilled legal representation in foreclosure actions and property disputes. We represent lenders in judicial and non-judicial foreclosures, ensuring compliance with all procedural requirements to safeguard clients’ interests. Our team is experienced in litigation, including quiet title actions and evictions, addressing complex issues with precision and efficiency.
Monthly Foreclosure Auction Schedule
- Current Months
- Upcoming Months
How Auctions Work
(For information only – This is not legal advice)
Foreclosure Auctions require potential buyers have cash or certified funds sufficient to cover the deposit amount, as set out in the Notice of Foreclosure Sale, at the time of the auction.
Potential bidders will be required to identify themselves and provide proof of deposit funds prior to being registered as a bidder.
Best practice is to get a bank check made out to yourself. If you are the winning bidder, you will simply sign the check over to the auctioneer and execute a purchase agreement.
Usually, it is the first mortgage holder that is foreclosing, but the burden is on potential buyers to check the title. Potential buyers are encouraged to check with the town to see if the taxes are paid up to date. You will take the property subject to whatever taxes are due and any first priority liens, attachments or encumbrances.
There is no bargaining with the lender at the auction; the highest bidder wins.
Thereafter, closing will occur in accordance with the terms set out in the Notice of Sale.
