WV Foreclosure Buying Procedures
National Overnight
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Last Week
4.51%
5.06%
3.24%
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A non-judicial process is primarily followed for deed of trust foreclosure in West Virginia. The lender, on the other hand, can choose to pursue judicial foreclosure if the deed of trust has no power of sale clause in it.
The public auction of foreclosure sale can generally take place only sixty days after the owner of a property is presented with the notice of default.
Once a foreclosure property enters the ‘Real Estate Owned’ phase, it tends to be more expensive than it was during the preforeclosure phase. Therefore, waiting till the last phase is not recommended.
