What are the final steps in the foreclosure process?
The court enters a final judgment which provides a sale date for the property. The sale is published in the local newspapers and includes the names of the lending institution and the borrower(s), the total indebtedness, the assessed property value, the case number, the property address, the plaintiff’s attorney name, and the location, date and time of the sale. Bidding occurs, but normally the lending institution is the only bidder and purchases the property for a nominal amount. After the sale, the high bidder has the right to request the sheriff to issue a Writ of Possession for removal of the occupants and their property from the house.
