While in a recent article we discussed why do homes get foreclosed, now we are here to discuss some reasons for why homes go to auction and just to remind you, foreclosure is one of them. However, a house on auction doesn’t always mean the owner is losing the control. It might also be the part of a marketing strategy. Nevertheless, there are two types of auctions. If you are standing at an auction at the courthouse steps, it’s a foreclosure which means the owner is losing the home. On the other hand, if you are standing in the yard or inside the house for an auction, it’s just the sales technique to obtain a handsome price from the auction.
