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What happens after the foreclosure sheriffs auction?

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What happens after the foreclosure sheriffs auction?

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Every state has different laws regarding what happens after the sheriff’s auction. Usually the home is put into a redemption period which allows the homeowner to “redeem” the loan. Typically, the only way to do this is to sell the house. If there is no equity, then it must be done with the bank’s permission, i.e., a short sale.

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