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
- Tax Deed vs Foreclosure Implications?
- Mortgage Reporting on Title Search?
- Estimating the loan balance on a Reverse mortgage?
- Pre-Foreclosure Info...?
- Where do I start to begin networking for Florida foreclosures to learn more about the business.?
Most Recent Questions
- How Common Are Objections After Winning a Foreclosure Auction??
- Reverse mortgage listed on Summons?
- Can a First Mortgage Transfer ??
- Rights and liabilities between the Certificate of Sale, and the Certificate of Title?
- Auction Cancelled After Winning — Payment Made, Refund and Title Questions?
Can you answer these questions?
- PropertyOnion to incorporate working with probates??
- Looking for creative buyers, seller finance in Marion County, FL?
- OFF MARKET PROPERTIES DIRECT WITH OWNERS !!!?
-
3312 days ago
-
1848 days ago
-
100one year ago
-
51one year ago
-
50one year ago
-
30one year ago
-
27one year ago
-
26one year ago
-
23one year ago
-
20one year ago