Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on .

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.