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...?
- Surplus Money from auctions?
Most Recent Questions
- City and county lien?
- URA SUBORDINATE LOANS?
- AFFIDAVIT AND NOTICE OF INTEREST IN REAL PROPERTY?
- Hire an Attorney?
- 2 different auctions on same property?
Can you answer these questions?
- PropertyOnion to incorporate working with probates??
- City and county lien?
- Looking for creative buyers, seller finance in Marion County, FL?
-
2073 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
-
202 years ago