All Foreclosure Logo
All Foreclosure Home Page Foreclosure Discussion Board

Sheriff Sale Price

Posted by Rob on March 25, 2007 at 18:44:46:

I have a third lien holder initiating foreclosure on my home as a result of a defaulted business loan. The first 2 lien holders are current as are the taxes. I know the market value of my home and the total owed to the first 2 lien holders. The home is in located NJ.

I have 2 questions:
1) If the property goes to sheriff sale how is the initial listing price determined?

2) Is there an average discount off market value that foreclosures usualy sell for in sherif sales?


Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

Optional Link URL : 
Link Title        : 


    
    
    
   All Foreclosure Information is the internet's premiere resource about foreclosure, with lists of foreclosures and pre-foreclosure property.  There are also several pages with instructions to stop foreclosure.

honaunau sunset