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 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.

Trending Questions
What is the symbolism of unbalanced scales relative to law? What are the differences between indictment or information or complaint or citation or violation notice pleadings? Do you agree on the need and extent of laws in society? How Does a business get paid if a company that owes them money files bankruptcy? How are ecological models used by ecologists? How to get retirement benefits for a former employee of Shell Oil? Role of judiciary and its impact on industrial relation? Can the executor named in a parents Will take the parents household items before the parent is dead? Is there anything like the Citizens Advice Bureaux of the UK providing free independent and confidential legal and other advice and information to the public in the US? Where in the good samaritan did Robert Kennedy die? If he fails to act on the bill within 60 days what happens to the bill? What evidence is there that jacksons attitude toward federal government authority differed depending on the situation? In order to become a naturalized citizen of the US one must be able to demonstrate knowledge of U.S. civics be able to show English language proficiency and? Can you go to jail for false statements to a lawyer? How long can a federal government be in power until the are called to an election? Is poll tax a source of revenue for state or local governments? Can you file for divorce without knowing where your husband lives if he's in another state? Example of a law? Do you have to be 18 to smoke legally in all states? How do you get your vehicle back from a creditor after filing bankruptcy papers with the court?