When a property DOESN'T sell at a foreclosure auction, who does it go to?

Bene is an abbreviation for beneficiary. In the event that a distressed property does not sell at auction, it goes to the beneficiary, which is usually the bank or lender. Most of the time, the bene ends up putting it back up for sale as a foreclosed home.

Asked by Jason Forbes · Last updated 5 years ago · 3.7K views · SOURCE