Sentences with phrase «bidder at the foreclosure sale»

If the lender itself is the high bidder at the foreclosure sale and has a winning bid that's below the «true value» of the property, the lender can't pursue the full amount.

Not exact matches

If obtained at foreclosure sale, usually that indicates there either weren't any bidders or there wasn't a sufficient bid made that satisfied the bank or lien holder.

A foreclosure auction is where properties are auctioned off at a public sale by the Public Trustee (in Colorado) and sold to the highest bidder.