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Updated about 17 years ago,

User Stats

16
Posts
0
Votes
Mac Bradley
  • Appraiser
  • San Antonio, TX
0
Votes |
16
Posts

Lender relists for profit in Texas. Can he keep the profit?

Mac Bradley
  • Appraiser
  • San Antonio, TX
Posted

Lender is high bidder at auction and bids minimum bid so no money is
owed to Borrower. Lender then lists the property for sale w/ a real
estate agent and property sells at a profit over the original auction
bid. Can the lender keep the profit or does he have to refund that
profit back to the original borrower?

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