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It's when the trustee opens the bid at one price but is willing to keep bidding to a higher amount on behalf of the bank.
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∙ 12y ago
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Can you sell a house in foreclosure?
Yes, as long as the sale is complete and the mortgage (including unpaid interest and penalties) is paid off before the date of the Trustees Sale.
In a preforeclosure does the end buyer have to pay off the unpaid balance of the mortgage?
The buyer at a foreclosure sale pays to the bank the amount they bid at the sale. The foreclosure process nullifies the outstanding (or foreclosed) mortgage as it affects the property. However, a buyer at a foreclosure sale should have the title examined by a professional in order to disclose any other liens and encumbrances that affected the property prior to the recording of the mortgage that was foreclosed. A person who plans to bid at a foreclosure sale should always work closely with an attorney.
How does a foreclosure proceed?
The foreclosing mortgagee can and usually does bid at the foreclosure sale. If the foreclosing mortgagee is the high bidder, it essentially pays itself up to the amount of its debt by canceling the debt to the extent of its bid. The foreclosing mortgagee only has to come up with cash if it bids more than the amount of its debt.
How to purchase Real Estate Tax Foreclosures?
Usually the notice of foreclosure sale will identify what the prospective buyer needs to show up with. It may or may not allow inspection of the real estate. If you're thinking you can put an offer in before the sale and cut a deal, the whole reason for a "public" sale is that the borrower is still entitled to the best price that can be had, and that usually requires auction style bidding. The lender usually, but not always, will bid in the amount of the debt for various reasons, not the least of which is to make sure if anybody else wants the property, they'll have to bid more.
How do you find people named in a trust?
The only public information about many types of trusts is the names of the trustees, not the beneficiaries. You would need to provide some reason for the trustees to release this type of information to you.
How do you cancle a sale on howrse when the horse has all ready been bid on?
It is impossible to cancel a bid; or a sale once the howrse has been bid on. If you didn't want to sell it you shouldn't have put it up for sale! Sorry! LeaBuff
Where can you bid on an item for sale?
Ebay
What does withdrawing the assignment of bid filed mean?
The assignment of bid is a document that assigns the successful purchaser's bid at a foreclosure sale to another party and is filed in the case. This occurs after the sale and prior to issuance of a certificate of title. If the assignment of bid is filed with the court and then withdrawn, it means that the assignee no longer has the assignment of bid and that the transaction between the successful purchaser and assignee was likely undone.
Does homeowner of a short sale have to take bid that meets bank price?
no
How is opening bid price determined in trustee sale?
In most cases, the opening bid is the amount required to pay the loan in full.
Can you sell a house in foreclosure?
Yes, as long as the sale is complete and the mortgage (including unpaid interest and penalties) is paid off before the date of the Trustees Sale.
Is tiered an adjective?
Yes it can be (tiered shelves, tiered management). The word tiered is the past tense and past participle of the verb "to tier."
Where can used Chevrolet vehicles for sale be found online?
One of the most ideal place to find a used Chevrolet vehicle for sale online would be at eBay. In this site, you place a bid and the best bid gets the product.
What part of speech is tiered?
The word "tiered" can function as both an adjective and a verb. As an adjective, it describes something that is arranged in tiers or levels. As a verb, it means to arrange or organize something in tiers.
How do you give someone a horse when you accept their bid in the negotiation on howrse.com?
you have to sale your in private sales.
What is a sentence that uses the word tiered?
The wedding cake was tiered.
Craigslist how do you list something for sale?
you put up a picture and then you put a price and people bid on it
