Michael Emilio

Real Estate and Small Business Blog

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Foreclosure Countdown: The Foreclosure Process Step-By-Step

May 13th, 2008 · 2 Comments · Finance, Seller Tips

Foreclosure is, unfortunately, a major part of the current real estate experience. It is happening at an alarming rate - more than 405,000 households were foreclosed upon in 2007, up 51% from the amount repossessed in 2006.
I just received an email from one of my readers named Rik who’s asking about foreclosure home auctions [...]

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Foreclosure: House Sells For Less Than What is Owed at an Auction

March 18th, 2008 · 2 Comments · Seller Tips

I’ve decided to reach into the MichaelEmilio.com mailbag and pull out an email a reader sent in reading foreclosures. Let’s read the email:
“i was wandering in the foreclosure process when the house is sold at public auction and sells for less than what is owed, say i owe 120000 and they only sell it [...]

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