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Updated about 10 years ago,

User Stats

94
Posts
31
Votes
Al Mcbee
  • Investor
  • Council Grove, KS
31
Votes |
94
Posts

Sheriff's sale. What does this judgement mean?

Al Mcbee
  • Investor
  • Council Grove, KS
Posted

I just went to the courthouse to check on this property, and it had already went to sale late last year. They gave me the what I assume is the outcome of that sale.

I have a few questions before I go any further, and if I should pursue this property.

Judgment:                   $115,836.09

Property Insp.                      285.00

Property Preservation        1952.00

Appraisal/BPO                     400.00

Sus/Unapplied funds            (50.00)

Interest                          29883.77

Atty Fees                        1250.00

Subtotal                      $149556.86

Costs                        $338.00

Publication Notice   150.00

Subtotal                   $488.50

Total                $150045.36

Bid                        25515.00

Deficiency         $124530.36

What does the Judgment represent?

What does this Deficiency represent?

How can I buy this property?

Can I buy it for an amount higher than the above Bid?

If so, would I be on the hook for $124500.00

Thanks in advance.