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Foreclosure Forum |
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NTS published "estimated" payoff amount question
Hello. First time for me, but I am looking at possibly buying a property just prior to a Trustee Sale (to be handled in escrow). I know from the Notice of Trustee Sale that an amount is published (lets say 85) and that this amount is the current "estimate". I also know that the remaining principal left to be paid on the Trust Deed is considerably lower (around 70). I understand there are other costs such as unpaid interest, legal fees etc which have boosted the amount published in the NTS. As I have no experience in this situation, my question is might there be a difference in the payoff amount (hopefully lower) that is quoted as per the request of the owner versus the estimated payoff amount that is published in the NTS? Thank you.
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