The Final Jugement is what the Plaintiff (The Bank, HOA etc.) wins at the foreclosure lawsuit. This is the amount they are due from the defendant. They then take the property to the foreclosure auction, and if they don't outbid a 3rd party bidder, they accept the bid amount in lieu of their final judgment amount. So they either accept an amount lower than this Final Judgment.
Foreclosure & Tax Deed Auctions /
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What does the final judgment amount at an auction mean?
What does the final judgment amount at an auction mean? What happens if the winner gets the house for less than the final judgement amount? Who will pay the difference?
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one year ago
one year ago
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