[RightWhale]

initial foreclosure notices

Most of these do not go to completion. Every year there are two newspaper pages of tax foreclosures published here, and maybe 10-20 end up in actual tax foreclosure. The owners use the time between publishing and foreclosure as a grace period.

[truth_seeker]

"initial foreclosure notices

Most of these do not go to completion. Every year there are two newspaper pages of tax foreclosures published here, and maybe 10-20 end up in actual tax foreclosure. The owners use the time between publishing and foreclosure as a grace period."

There are two issues.

1. Mortgage foreclosure (for non-payment)
2. Tax foreclosure (for non-payment)

In both cases, few of those published are actually completed.

In my area, on the tax side many are timeshares. When they effectively become worthless, people quit paying the taxes.