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A close guess of what the opening bid is going to be.

Posted by Ward-CA- on July 28, 2003 at 8:40 PM

In Reply to: What is posted by greg on July 28, 2003 at 8:07 PM

: Ward,
: Do you know how county records research arrives at there "approx bid"?

: When I use your previously given formulas (Dec 2002 article), and 60yr interest table, often the total arrearage figure I get is much less.

: Why the discrepancy?

:
: Greg
=-=-=-=-=-=-=-=-=-=-===

Greg,

To the unpaid balance the trustee and lender add their respective charges, penalties, out of pocket expenses, etc. I always add a thousand bucks to the "Approx. Bid" to get a little closer to the real bid.


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