Public Trustee Sale
If i show up at the public trustee sale and bid $1000 more than is owed on the note, will i get the house? Or does the bank always outbid everyone else to get the house back? Why wouldn't they accept an amount sufficient to cover the loss?
Ron |President of subsidiary; EVP of parent;
The last thing banks want is the property back - - selling, at the highest price possible, it is alw...18 Minutes Later
Kerri |Senior Analyst/Owner
There is not a standard guideline. It simply depends on the house, the lender, and the other bidders...3.4 Hours Later
Lenny |Real Estate Investor, Syndicator and Con
Yes you will get normally get the property if you bid above the banks final judgement (Note amt). T...5.5 Hours Later