redemption price?NJ judgment vs payoff

Posted by tate on April 22, 2005 at 13:44:19:

i'm working with a gentleman in order to help him keep his home after sheriff's sale yesterday. We got a payoff from the bank prior which was $30,000 more than what the upset price was yesterday at auction. When the sheriff's office calculates the redeption figure for us is it based on the judgment amount(upset price?) or what the bank would have been due if it never went to auction? i understand commissions and paying back high bidder and his interest.

Follow Ups:

• Re: redemption price?NJ judgment vs payoff - NJDave 10:44:28 04/23/05 (1)
  • Re: redemption price?NJ judgment vs payoff - Nick(Colorado) 14:07:12 04/23/05 (0)

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: i'm working with a gentleman in order to help him keep his home after sheriff's sale yesterday.  We got a payoff from the bank prior which was $30,000 more than what the upset price was yesterday at auction.  When the sheriff's office calculates the redeption figure for us is it based on the judgment amount(upset price?) or what the bank would have been due if it never went to auction?  i understand commissions and paying back high bidder and his interest.


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