If a bank is to sell a house … are their laws they must follow to do this?

If a house was impossible, and now bank was. Does the bank has a "format" to the sale? For example, you may only sell to those who want or must act in a fair manner (like an auction, sealed bids, etc?) Just curious … are their laws on this?

Yes, there are strict laws. The rules for the sale and liquidation of assets such as real property for payment of the debt are specific and differ only in minor details by county or city or state. Read to the line of the rules of your state online or request a lawyer, attend classes that explain important points. The board of real estate in your state also will have some idea of how to address and ask them any questions. Even banks will be able to meet you too.

Warkworth – Vendor on the move – must be sold