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.