Infographic: Property Auction

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Kevin Simpson

Kevin Simpson is the ForeclosureListings.com Sales Manager and is responsible for all data that ForeclosureListings.com shares with press companies.

Property auctions after a house has been foreclosed upon and the financial instruction or lender reclaims the property. Typically, single-family homes and condominiums valued under a million are present at property auctions while Open OutCry auctions are the most common types. Auctions are also typically advertised in local newspapers and on the internet. If you’re interested in learning more about property auctions, peruse the info graphic below for more information.

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