Re: Notices of Sale in Newspaper - MD

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Posted by Bill H on September 28, 2004 at 22:33:23:

In Reply to: Notices of Sale in Newspaper - MD posted by John on September 28, 2004 at 12:40:58:

: Hello all. Some of the notices in the paper state the original loan balance and some do not, they all list the required deposit amount for the property but I guess my question is does the loan amount/balance affect how much I will bid/pay for the property? Thanks in advance!

The opening bid at the sale is the amount the foreclosing lender is owed.

Bill H

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Comments:
: : Hello all.  Some of the notices in the paper state the original loan balance and some do not, they all list the required deposit amount for the property but I guess my question is does the loan amount/balance affect how much I will bid/pay for the property?  Thanks in advance!

: The opening bid at the sale is the amount the foreclosing lender is owed. 

: Bill H


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