I do my best to keep my eyes and ears open for properties and owners that fall into financial hardship, as some of my investor clients keep capital ready to put to use in these types of situations.
As of this writing, there are no foreclosures set for Nantucket property owners. There has to be a public notice put out (normally in the Inquirer & Mirror) when a property is going to a foreclosure auction, and I have yet to see any notices.
If you want a great overview of foreclosures and the process, check out Zillow's Wiki...
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