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Foreclosures / Bank Owned Properties Real Estate Find A Deal In Georgia-Bank Owned / Foreclosure Real Estate

-The Association of Realtors definition is: A foreclosure is when the bank has taken action to foreclose on the property. In some states this may include judicial action. The “trustee” steps in and the property is scheduled for auction at the courthouse.

-The Merriam-Webster.com dictionary definition is: fore·clo·sure-noun \-‘klo-zh?r\Definition of FORECLOSURE: an act or instance of foreclosing; specifically : a legal proceeding that bars or extinguishes a mortgagor’s right of redeeming a mortgaged estate. HomePath.com is the Official foreclosure website owned by Fannie Mae.

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