answersLogoWhite

0

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

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

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 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.


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

Notice of trustee sale


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


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.


what was the sale price?

what was the sale price


How long do you have to move out of your house after a trustee sale in Arizona?

you have 3 days unless you negotiate with the new owners. Also, moving after the trustee sale is tricky because essentially everything in the home now belongs to them. It's smarter to move out before the sale.


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

Trending Questions
If buying a house in Queensland with rental tenants in place on a contract can the buyer break the lease if they wish to move into the property? What does fta eligible mean in court? What options do you have when a lawyer sues you for non payment? How do you use power of attorney in a sentence? How do you contact Rev William Barber? Do people judge you because you smoke pot? If you are involved in a collision and you do not stop at the scene you may lawfully keep driving as long as there is no injury? In Florida do you have to tell a cop where you live if he or she asks? If a written error occurs in the patient record what is the legal protocol? Do you have to continue to pay child support in the state of NY if your ex wife rents out her house and moves to another state with her boyfriend? Who were those men who owned or rented property of a certain value and were thus qualified to vote for members of the lagislative assemblies? Invalid check is it still money owed to you? What are the NYC construction noise limits and how are they enforced? What is a court that has only appellate jurisdiction able to do? Does the property owner of ingress and egress easement have a right to put a gate up for security? What is ultimate end of thinking? Can a power of attorney be obtained to handle my dads affairs by just going through an attorney or are you required to go to court? How old child needs to be to go to umrah? What type of informal change to the Constitution would Congress make if they voted to restructure the National Banking system? Is it illegal to wear a police officer uniform when your not even a police officer?