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quick question about tax deed sales - not sure what these numbers mean?
I am looking at some listings for tax deed sales. here is what i see in one of them:
"
Judgement Date
09/17/2009
Order Issue Date
10/29/2009
Case Style
COUNTY, ET AL VS NAME, ET AL
Legal Desc.
LT 7 BLK 3 LIBERTY ROAD MANOR SEC 20 U/R
Physical Address
ADDRESS
Adjudged Value
$6,936
Estimated Minimum Bid
$6,936.00
"
What does the adjudged value mean? Why is it the same as the minimum bid? Some other listings have a minimum bid significantly below the adjudged value. What do these two numbers really mean? I saw one that had an adjudged value of 60k, with a minimum opening bid of only 1300!
Thanks for any advice.