Lender Confirmation Auction

Author: External Author | | Categories: Auction Company , Auction Services

Estate Sale Services Georgia

A lender confirmation auction is a type of foreclosure sale in which the highest bid will only be finalized after it is approved and accepted by the mortgage holder. This differs from an absolute auction, in which the winning bidder automatically takes ownership of the property.

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Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  CAROL KOPP

Original Article Posted on:  May 29, 2018

Link to Original Article:  https://www.investopedia.com/terms/l/lender-confirmation-auction.asp