answersLogoWhite

0


Best Answer

They can sell it for $1.00 if it is a auction and you can be libel for a deficiency judgment.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Whenyour home is in foreclosure can a bank auction it off at any price and leave you with the difference or are laws in place stating how much they can auction it for I live in Ohio?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you get the Morgan horse in Howrsecom?

You can buy a Morgan horse from the auction sales, or private sales. You can also post an advert in the negotiations forum stating that you are looking for one.


Comparison and contrast?

There definitions of contrast and comparison are quite different. Contrast simply means stating differences while comparison means stating similarities between two things.


If your car is repossessed do you have to pay the balance?

you'll owe what's left on the contract after the vehicle is sold (probably through auction). Example: you owe $2500, the car sells at auction for $500, you owe $2000 because you signed a contract stating you'd pay a certain amount, that's what the creditor is after.


What does it mean when you receive a notice stating that your foreclosure is in the hands of the sheriff's office?

That mean pack your stuff or hurry up and file bankruptcy which wil start the whole process over again, and give you Tim e to pay or restructure your loan


Can art auction houses be taken to task for incorrectly rejecting an artwork as an unsigned fake and stating so in the internet media when in actual fact it is signed upper right and on verso?

art is never fake it is real


How long does a person have to redeem a vehicle that has been repossessed?

I think you have like 10 ir 15 days, they have to send you a notice stating when the car will be sent to auction and what date time and place the auction will be, you have until the day before the auction to pay the amount they are demanding. Keep in mind though the sooner you pay the more you save, because they have the right to move the vehicle to another location at any time, which might incur more charges.


How does an orientation towards the collectivity make difference between profession someone engage mainly an occupation?

by stating that profession is expected to act for altruistic motivations


If your car was repossessed is there a law stating how much a finance company can sue you for after it has sold the car?

Sure is, they can get a judgment for the balance due on the loan minus what the car sold for PLUS any fees incurred(repo,attorney,auction,ect.) It should be in the contract you signed.


What is the difference between sexual references and sexual content?

Sexual references are stating, commenting, or in other words, reffering to sex. Sexual content, is visualizing, seeing, or doing, in movies.


What is the difference between a report and an evaluation?

a report is stating the facts plain and simple, whereas an evaluation is an analysis possibly with an opinion of the situation. An evaluation may also contain answers of how to improve the thing.


A fruit stating with a?

apple


What is suffixes for state?

stating