What are the differences between a public auction and a foreclosure?
A public auction is typically the sale of a property by the owner. The owner does not necessarily have financial issues, but has decided that selling his/her property through the auction process is the best method of selling their property. A foreclosure, however, is a sale that is conducted by creditors. These auctions are sight-unseen and are generally held on the courthouse steps of the county in which the property is located. There are more differences that are explained later in the FAQ section.
