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Real Estate & Property Law

: The Home Equity Theft Reporter

Lenders Refusing To Bid At Foreclosure Sales Leaves Homeowners On The Hook For Housing Court Citations

By r morris

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In Cleveland, Ohio, National Public Radio reports on what reportedly is a growing practice by lenders at Cuyahoga County sheriff sales of refusing to bid on their own foreclosures:[W]hen there's no bid, the lender can either try to sell at another sheriff sale or do nothing. Doing nothing means the foreclosure is not complete. And Cleveland foreclosure attorney Larry Rothenberg says doing nothing

Full post as published by The Home Equity Theft Reporter on March 05, 2009 (boomark / email).

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