Posted by Caroline on December 05, 1997 at 16:38:41:
In response to I really enjoyed that, Caroline. Thanks! and a question..., written by Carrie on December 05, 1997 at 12:17:29
] So, I assume the estates to be auctioned were for the same reasons as we would find today, only the home would be foreclosed upon? Is this a case similar to the Elliots if they were even more in debt, would they have had to sell and then if it had not, auction the home? It's awful to think of long time family homes being auctioned off to strangers.
] Thanks again,
The reasons for the auction are not given,and it is quite possible that they were from forclosed mortgages. However, there is absolutely no reason why an ordinary homeowner should not put his house up for auction instead of simply for sale, if he so wished, so I wouldn't make it a hard and fast rule that these are all foreclosures.Property of someone who died intestate, or whose property was given jointly to more than one person might also be sold either way. Perhaps these were owned by someone who just had so many properties that he wanted to get rid of one or two?
Posting followups to old messages is disabled; instead go to the main index and post a new message which mentions this one.