When a foreclosure house goes to the Lender at Sheriff Sale, the Lender will perfect the title (strip off any liens against the property) then list it for sale.
If the loan was a conventional loan it will be an REO property and if the original loan was an FHA or VA (Veteran Affairs) insured loan, it will be listed as a HUD or VA Owned property respectively.
If you live in Indianapolis Indiana and are looking to buy or sell a home please call Fred Krawczyk and Associates at 317-294-4425. If you are facing foreclosure, we can help.
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