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Ownership of a property that is being foreclosed is perfected in the mortgagee as long as it has taken possession according to law.

Ownership is not transferred to the auctioneer. Generally, under state laws, a licensed auctioneer is authorized to sell the property on behalf of the mortgagee.

If you have questions about conducting a foreclosure in your state you should consult with a local attorney who does foreclosures. If any errors are made in the foreclosure process the results can be very expensive. If the foreclosure was done by an attorney, they would be responsible.

Ownership of a property that is being foreclosed is perfected in the mortgagee as long as it has taken possession according to law.

Ownership is not transferred to the auctioneer. Generally, under state laws, a licensed auctioneer is authorized to sell the property on behalf of the mortgagee.

If you have questions about conducting a foreclosure in your state you should consult with a local attorney who does foreclosures. If any errors are made in the foreclosure process the results can be very expensive. If the foreclosure was done by an attorney, they would be responsible.

Ownership of a property that is being foreclosed is perfected in the mortgagee as long as it has taken possession according to law.

Ownership is not transferred to the auctioneer. Generally, under state laws, a licensed auctioneer is authorized to sell the property on behalf of the mortgagee.

If you have questions about conducting a foreclosure in your state you should consult with a local attorney who does foreclosures. If any errors are made in the foreclosure process the results can be very expensive. If the foreclosure was done by an attorney, they would be responsible.

Ownership of a property that is being foreclosed is perfected in the mortgagee as long as it has taken possession according to law.

Ownership is not transferred to the auctioneer. Generally, under state laws, a licensed auctioneer is authorized to sell the property on behalf of the mortgagee.

If you have questions about conducting a foreclosure in your state you should consult with a local attorney who does foreclosures. If any errors are made in the foreclosure process the results can be very expensive. If the foreclosure was done by an attorney, they would be responsible.

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13y ago

Ownership of a property that is being foreclosed is perfected in the mortgagee as long as it has taken possession according to law.

Ownership is not transferred to the auctioneer. Generally, under state laws, a licensed auctioneer is authorized to sell the property on behalf of the mortgagee.

If you have questions about conducting a foreclosure in your state you should consult with a local attorney who does foreclosures. If any errors are made in the foreclosure process the results can be very expensive. If the foreclosure was done by an attorney, they would be responsible.

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Q: How do you control ownership of a foreclosed property and than transfer ownership to an auctioneer?
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