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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I try to overbid Posted by SeadeLand on January 08, 2002 at 11:20 PM In Reply to: Trustee Sale posted by Gary - CA on December 16, 2001 at 1:38 PM : Ward, : Do owners that lose their home at the Trustee sale entitled to receive any money if the bid amount is higher than the total : of any loan balances and costs incurred during the foreclosure. : If so, does this happen very often. : Gary I think most places the debtor gets any excess. I try to bid enough over the debt amount so that the debtor will cash the check. I think this may have the legal effect of eliminating any legal challenge they might have to the sale, such as inadaquacy of consideration. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Do owners that lose their home at the Trustee sale entitled to receive any money if the bid amount is higher than the total : : of any loan balances and costs incurred during the foreclosure. : : If so, does this happen very often. : : Gary : I think most places the debtor gets any excess. : I try to bid enough over the debt amount so that the : debtor will cash the check. I think this may have the : legal effect of eliminating any legal challenge they might have : to the sale, such as inadaquacy of consideration. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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