How do banks determine what they are going to auction foreclosure properties for?

Asked by lkroczynski, Mahwah, NJ Thu Jun 26, 2014

How does the foreclosure auction number relate to the approximate upset number?

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Ronald Shaff…, Agent, Toms River, NJ
Thu Jun 26, 2014
I have attended a couple of Sheriff sales. The banks usually end up getting the house for the amount they are owed. Investors have to be perpaired to outbid the bank if they want a shot at getting the house.
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