Atlantic Auctions is located in Bel Air, MD and serves the east coast with commercial real estate auctions, residential real estate auctions, and other specialty auctions. Below is a list and description of the auction sale types that we commonly manage.
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| Trustee’s Sales |
| A mortgage foreclosure sale initiated by the lender when a borrower defaults on their mortgage. Such sales are overseen by the court. |
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| Bankruptcy Sales |
| An asset liquidation whereby a court appointed Bankruptcy Trustee sells the assets of the debtor / bankruptcy estate. |
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| Bank Ordered Sales |
| Typically means the property is owned by the bank which acquired the property through a foreclosure sale. |
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| Lender Sales |
| Same as Bank Ordered Sale, but the Lender may be a finance company, an investor or private note holder, etc. |
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| Owner Sales |
| Owner wants to quickly liquidate an asset – real estate or equipment. Often prompted by, or in cooperation with, the bank or possibly the IRS. Usually, but not always, a distress sale. |
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| Sheriff’s Sales |
| Court ordered auction to satisfy a creditor’s judgment against the owner and overseen by the Sheriff’s office. |
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| Tax Lien Sales |
| County offers at auction properties that have delinquent property taxes. |
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| Secured Creditor Sales |
| Upon default of a secured loan, the secured creditor is entitled to seize, and then sell, the collateral to discharge the debt that the security interest secures. |
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