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In most cases, the opening bid is the amount required to pay the loan in full.

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15y ago

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What if opening bid is higher than house is worth in trustee sale?

Then it will go back to the beneficiary, the lender.


Where can one purchase trustee for sale?

One can purchase trustee sale, such as foreclosure property. One important thing to note about buying the trustee sale, it is a cash only type of purchase.


What happens after trustee sale?

After a trustee sale, the property is typically sold to the highest bidder, which may be the lender or another buyer. The new owner receives a trustee's deed, transferring ownership. If the borrower still occupies the property, they may face eviction proceedings. Additionally, the borrower might be liable for any remaining mortgage balance if the sale price was less than the owed amount.


What does N.O.T.S. stand for?

Notice of trustee sale


What is a tiered bid at a trustees sale?

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.


When is a contract of sale considered perfecta?

A contract is considered perfecta if the object of sale has been clearly identified; the price has been determined; and there are no suspensive conditions


How are prices of goods determined on eBay?

Many listings on eBay are sold as auctions, so the sale price is determined by the number of bidders and overall demand for the items.


Is property sold to the highest bidder at a trustee sale?

auction


what was the sale price?

what was the sale price


How are the price determined in eBay?

The seller picks the price and shipping cost before they list the item, people can later bid on the item too.


Is discounted price the same as the sale price?

no discounted price is the price after some money has been taken off the sale price for a sale etc. but sale price is the original price


What is TS number?

I believe it stands for the "Trustee Sale" number of a foreclosure.