Administration is the process where the Surrogate's Court officially gives out Letters of Administration to a qualified distributee (heir) of the Decedent. Fulton County Real Property Tax Foreclosure Auctions are usually held sometime in the month of June.Auctions are held online only. Each month, as Fulton County's official legal newspaper, the Daily Report publishes hundreds upon hundreds of foreclosure notices. Our dedicated real estate group can help you find the right financing solutions to meet your business and investment goals. Fill out our form to get started. You will need account numbers and serial numbers of assets. What Is REO Foreclosure? Real estate owned (REO) is a property that a lender or bank has foreclosed on but failed to sell at the foreclosure auction. Albrecht Center Ltd.