There are a lot of misconceptions about what someone who has lost their property to foreclosure goes through. In the public’s eye, these people have been kicked out on the street with nothing and completely ruined by debt. This simply isn’t true. The actual process is very similar to bankruptcy auctions, though there are some crucial differences to make sure you understand.

The auction market has evolved significantly in recent years, taking advantage of new technology to keep buyers and sellers around the world informed about what is happening in real-time. One major change has been that auctions are no longer limited to local events; instead, they are used by all types of buyers, many of whom never leave their homes. This allows them to be part of the market and make buying decisions on livestock.