When the Gavel Falls After Foreclosure Sales

January 15, 2020

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DSNews--Brooke Sanchez, Kent McPhail and Associates

The Eleventh Circuit's recent opinion has upheld the long-standing “gavel rule”, which states that a debtor’s right to cure and maintain no longer exists after the foreclosure sale, remains the correct legal standard for determining a debtor’s interest in a foreclosed property. 

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