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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: LA foreclosure Posted by Jim V on April 19, 2003 at 11:04 PM In Reply to: No appraisals before a foreclosure posted by SeanW on April 19, 2003 at 3:55 PM In Louisiana, if the lender is seeking to preserve their rights for a deficiency judgment, the minimum bid must be 2/3 of appraised value. If the lender isn't preserving their rights, the opening bid will be an amount equal to the court costs. The LA process is different than most states, but that's my understanding of it. Follow Ups: If that's how it works SeanW 7:50 AM, 04/20/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : In Louisiana, if the lender is seeking to preserve their rights for a deficiency judgment, the minimum bid must be 2/3 of appraised value. : If the lender isn't preserving their rights, the opening bid will be an amount equal to the court costs. : The LA process is different than most states, but that's my understanding of it. 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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