Foreclosure auction?
Question:
The amount due under the Judgment is $5,120.16, with interest, costs, etc. Sale subject to terms of sale and provisions of the Judgment herein, including being subject to a mortgage held by Charles C, upon which there is due the principal sum of $12,300.00 with interest.
However, I called the refer for the auction and he told me the upset price begins at $13,124. Any last minute advised??
Answer:
If you buy the property at a public auction you will receive a clear title to it at the time of closing. Its entirely possible that one of the liens on the property has been paid off or there was not a lien in the first place. At any rate the title you receive will be good as of the date of closing and nobody else can file once the deal is struck.
I will invest with you if you need capitol.
how did you find the foreclosure.
Don't pay for more than 30 pecent of the worth of the house if you think there are alot of repairs to made.
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