Question Details

Thizz, Home Buyer in 02138

How do you find out the minimum bid in a foreclosure auction?

Asked by Thizz, 02138 Sun Oct 11, 2009

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I got the information from the county website. But I guess you are right and it should be on the notice of sale...
0 votes Thank Flag Link Sat Oct 17, 2009
First off the minimum bid should be listed. If it isn't then a phone call is your best bet. However, if you don't have a phone number to call, then I wonder how you found out about the auction? Even if you found a good lead on an auction or home online, there should still be a phone number. I wouldnt show up to an auction without talking to someone first. Thats just me.
0 votes Thank Flag Link Mon Oct 12, 2009
Hi Thizz,
Where did you find the information?
Usualy the minimum bid would be listed on the notice of sale. You may also call the attorney's office to find out what the minimum bid is. Keep in mind the te minimum bid includes the mortgage balance plus interest plus legal fees plus auction fees.
0 votes Thank Flag Link Sun Oct 11, 2009
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