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Foreclosures of vacant land follow the same process as foreclosures of improved land. While banks would rather get paid than foreclose, they will foreclose if they have no choice. If you are facing the prospect of a foreclosure, you should know that the law makes banks go through very specific steps to ensure the rights of landowners are protected. If a bank fails to follow the steps, foreclosures can be stopped — at least for a while.
Judicial Foreclosure
