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:
- Re: Sheriff Sale Price - Bill H 20:30:37 03/25/07
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- Re: Sheriff Sale Price - Steele in Minnesota 23:01:12 03/25/07
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