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Sell after Foreclosure Auction

Many people don’t realize that they can still sell a property after foreclosure auction. In reality people have a redemption period from 5 weeks to one year, depending on how much of their loan has been paid off and if it’s an agricultural property or not. However selling after foreclosure increase your costs, because legal fees, attorney fees and all allowable costs get added on top of your mortgage balance, thus you are getting less cash.