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 /
Answered
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?
2K Views
1
Answer
one year ago
one year ago
Foreclosure & Tax Deed Auctions
You Asked & We ALL Answered!
Most Popular Questions
- Mortgage Reporting on Title Search?
- Tax Deed vs Foreclosure Implications?
- Pre-Foreclosure Info...?
- Estimating the loan balance on a Reverse mortgage?
- How to take posession after foreclosure?
Most Recent Questions
- 1-on-1 Investor Training?
- When you win an HOA Foreclosure Auction, how do I deal with Mortgage??
- Surplus funds after a second lien foreclosure sale.?
- Private water company leins?
- Any point in getting involved for a foreclosure buyer to get involved in objection to a sale??
Can you answer these questions?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
- Looking for creative buyers, seller finance in Marion County, FL?
- PropertyOnion to incorporate working with probates??
-
2542 days ago
-
174one month ago
-
10011 months ago
-
51one year ago
-
5011 months ago
-
30one year ago
-
27one year ago
-
26one year ago
-
20one year ago
-
20one year ago