What happens in foreclosure proceedings?
If the Court finds that the mortgagor is in default of the mortgage payments, final judgment will be issued in favor of the plaintiff. The final judgment sets forth the costs due to the plaintiff, such as principal charges, interest, court costs, and attorneys fees. In addition to the assessment of costs, the final judgment will list instructions for the sale of the mortgaged property at a public auction. The instructions will include a description of the property to be sold; the time, place, and date of the sale; the amount due on the mortgage; and instructions to the Clerks Office regarding distribution of the proceeds of the sale if someone other than the plaintiff is the successful bidder.
