Re: Foreclosure payment advise

Posted by Myron in Denver on February 22, 2003 at 15:59:45:

In Reply to: Foreclosure payment advise posted by Sunny on February 22, 2003 at 12:33:34:

It varies. In the metro Denver area there are three different policies in three counties but generally the answer is yes. The guaranteed funds check must be for the foreclosure bid plus a dollar. If the final bid ends up higher the bidder gets an hour to return with the balance. Be sure you know before you bid.

: Does anyone know if the successful bidder in a foreclosure sale has to pay the payment in full after the sale?

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: It varies. In the metro Denver area there are three different policies in three counties but generally the answer is yes. The guaranteed funds check must be for the foreclosure bid plus a dollar. If the final bid ends up higher the bidder gets an hour to return with the balance. Be sure you know before you bid.

: : Does anyone know if the successful bidder in a foreclosure sale has to pay the payment in full after the sale?


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