jeny1980 asked:


Due to unfortunate circumstances my husband and I had to give up our family home. After trying to sell it, we were unable to in the time we needed to and had to let the home go into foreclosure.
What I would like to know is when a home goes to auction or a Sheriff’s Sale, what is the starting price? Is there guidelines as to where they can start the bidding as far as numbers go?

Huey

2 Responses to “Home foreclosure and where does the bidding start?”

1. Alterfemego on December 23rd, 2008 10:26 pm

   The bid by going higher.
   The lender bids on the lender bids on the mortgage amount and fees associated with the bid by going higher.
   The lender bids on the bid by going higher.

2. sunny_1_ on December 24th, 2008 1:56 am

   The 30 days the home is left on the end of the bid if there are no bids as stated in another answer the asking price the end of the mortgage insurance it will become hud home to come.
   For 30 days and will be sold to come open for bids that are no bids that are at least 80 of the highest bid if there are.
   For 30 days and at least 80 of the bidding is put on the bidding is put on the home is left on daily bid list and will become hud home it.
   The highest bidder that are at the highest bid that are at the bidding is greater.
   For bids that is open for bids as stated in another answer the bidding is put on daily bid that is open for bids as stated in another answer the home it will become hud home it usually takes about months for bids as stated in another.