The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
The lender initiates legal proceedings against the borrower to foreclose on the property. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Foreclosure. When the lender does respond, they will expect you to respond quickly to keep the process moving.
69 
Let's personalize your content