0
Does a bidder on a mortagee in possession property have any rights when the mortagee in possession or his agent accepts a lower offer for no cogent and valid reason?
Wiki User
∙ 15y ago
Probably not. If the property had been offered for by the government in satisfaction of a tax lien, the absolute highest bidder would have been the winner (subject to redemption clauses, of course) but if it was a private sale, there may be other factors entering the negotiations that you may not be aware of. If you wish to insitigate a civil suit, you would have be able to prove that the sale was fraudulent or a sham.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the public sale property to the highest bidder?
auction
Is property sold to the highest bidder at a trustee sale?
auction
What is a foreclosure deed?
A foreclosure deed is the deed required to be filed by the winning bidder at the auction, usually within 30 days, assuming the bidder is able to complete whatever s/he needs to actually pay for the property.
What did Bidder's Edge do that was different than eBay's normal customers Why does it matter to eBay?
I think that Bidder's Edge trespassed on eBay's property which has potential to cause them harm if enough companies engage in their automated access process
What is a referee deed?
A Referee Deed is used in foreclosures. The Referee's Deed is what is given to the highest bidder at an auction of a foreclosed property.
Do you still owe real estate taxes after foreclosure?
The property taxes are owed by the owner. When the property is sold at auction the debt stays with the property. If the winning bidder is the lender then the lender ends up with the obligation. Until the tax is paid a lien will remain on the property's title.
How does a bidder pay at an auction that the bidder has won?
cash
What is a bidder?
A bidder is a person who bids for an item, for example, at an auction.
When was Birgit Bidder born?
Birgit Bidder was born in 1986.
How tall is Rayne Bidder?
Rayne Bidder is 5' 4".
What is the difference between a bidder and supplier?
a bidder is a contractor or supplier,but, .......
What happens to the first mortgage if the second mortgage is in foreclosure?
nothing...it remains a lien on the property and a debt which is assumed by the successful bidder at the auction of the 2nd mortgage
