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What and why do Banks bid at auctions for your assets and the effect on the borrower and guarantors.
Always an question, what will the bank bid at the foreclosure auction? Sometimes it’s the full amount of the debt other times it’s nothing and other times it is a small amount above the highest bid. It is an important question as it affects the residual debt of the borrower and ...
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RealtyTrac: Foreclosure Activity Increases in Q3Calculated Risk
From RealtyTrac: U.S. Foreclosure Activity Increases 5 Percent in Q3 RealtyTrac® ... today released its U.S. Foreclosure Market Report™ for Q3 2009, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the ...