Everyday, thousands of homeowners in the United States who have been missing their mortgage payments for months are losing their homes due to foreclosure. Order of Sale—The formal judgment of a court at the end of a foreclosure case determining the amount of money owed by a defendant and directing the sheriff to begin the process of selling the foreclosed home at auction. Foreclosure is a legal process that employs many terms that may be new to you.
First, the seller can file a lawsuit in the circuit court of the county where the property is located asking for the …