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 creditor. The final judgment sets forth the costs due to the plaintiff, such as principal charges, interest, costs of the suit, and attorney 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 Clerk's Office regarding distribution of the proceeds of the sale if someone other than the creditor is the successful bidder.

Show All Answers

1. How do I find out if a house in the neighborhood is in mortgage foreclosure?
2. What is foreclosure?
3. Where do I file a foreclosure action?
4. What happens in foreclosure proceedings?
5. What is done prior to the foreclosure sale?
6. How do I find out about mortgage foreclosure sales?
7. May a person who is not involved in the foreclosure lawsuit bid on the property?
8. When and where are mortgage foreclosure sales held, and how are they conducted?
9. How do I cancel a sale or what if the party has filed a suggestion of bankruptcy?
10. Can anyone make an objection to the sale?
11. When is the Certificate of Title issued?
12. Do I get a clear Title?