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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: What is "APPROX BID" Posted by SeanW on August 01, 2003 at 7:45 PM In Reply to: What is posted by greg on July 28, 2003 at 8:07 PM This is one area where N.C. is easier to work than CA. All you have to do is go to the "Special Proceedings" records at the clerk of the court, and pull the foreclosure file. There will be an Affidavit of Default that tells you how much is owed, and when the debtors last payment was made. The affidavit also usually has the monthly payment (a helpful thing to know with those variable rate loans.) Add 5% for trustee's fees... and voila! You have the maximum possible bank bid. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : This is one area where N.C. is easier to work than CA. All you have to do is go to the "Special Proceedings" records at the clerk of the court, and pull the foreclosure file. There will be an Affidavit of Default that tells you how much is owed, and when the debtors last payment was made. The affidavit also usually has the monthly payment (a helpful thing to know with those variable rate loans.) : Add 5% for trustee's fees... and voila! You have the maximum possible bank bid. 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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