If you foreclose and someone else bids at the trustee sale, they can pick up the property as long as they bid the minimum amount; obviously, when there is equity, you can put
the minimum bid amount to equal the total payoff you have, which in this case, we assumed is 80k.
You can not put
the minimum bid amount to be 100k because you are foreclosing based on the fact that you are trying to collect your debt (payoff).
The lenders who own the properties release the addresses of available homes to be auctioned along with
a minimum bid amount.
A second sale was held and the Broker made the winning bid of $ 1000, but the court refused to confirm the sale and set
a minimum bid amount of $ 240,000.
Not exact matches
It is interesting to note Usmanov built up his shares to the
minimum amount needed to launch a takeover
bid.
The
minimum tender
amount is important because it's the lowest you may
bid on the property — and any
bids that do not meet or exceed this
amount will be rejected.
So when the SEC made its move to change the tick size (
minimum bid - ask difference) from fractions of dollars — eighths & sixteenths, to pennies, there was a tendency for the
amount offered by intermediaries to decline.
Most fliers
bid the
minimum amount, so coming in above it, even slightly, can improve your luck of scoring a discounted business class seat.
A sliding scale is used to enter a
bid, with a set
minimum and maximum
amount in place.
Minimum and maximum
bidding amounts will be displayed on the page along with a «strength metre» that gives customers an indication of how likely they are to receive the upgrade.
When the
bidding reaches the
minimum amount, the property will sell.
To be eligible,
bids must be at least equal to the advertised
minimum tender
amount.