When someone is facing a mortgage foreclosure, tax sale, or tax lien (used to secure the payment of owed taxes), a government body may resort to a public auction in order to recover part of the owed money. If you are deep in debt to the government, it may be beneficial to understand the realities of the public auction and what you may expect to experience.
Public auctions may be held for many different reasons, often as the result of a court ruling. In most cases, the rulings will be enforced by the sheriff’s office, or under the auspices of the county in which you live.
In most cases, the money recovered during a public auction is significantly less than a debtor could make by selling the property in the open market. If you are facing a public auction, it may be beneficial to discuss your case with an experienced Milwaukee foreclosure defense attorney.
If you or someone you love is in debt and unsure of what to do, the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, may be able to help. To discuss your case with one of our understanding foreclosure defense lawyers, contact us today by calling 414-377-0518.