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Updated almost 7 years ago on . Most recent reply

User Stats

55
Posts
4
Votes
Daniel E.
  • Charlotte, NC
4
Votes |
55
Posts

Bidding as lender at sheriff sale - how does this actually work?

Daniel E.
  • Charlotte, NC
Posted

Scenario:

- You are the lender (purchased the note while in foreclosure)

- Lender has been awarded default judgement

- Sheriff sale scheduled 6/15/18

How does it actually work when you show up for the sale? Do you just show up, say you are the lender, credit bid, and they do not make you pay? Or do you need specific documentation proving this? 

Thank you,

Most Popular Reply

User Stats

149
Posts
113
Votes
Cody Cox
  • Note Investor
  • Wilsonville, OR
113
Votes |
149
Posts
Cody Cox
  • Note Investor
  • Wilsonville, OR
Replied

Your attorney would handle all the coordination of that. You do not physically need to attend a sheriff's auction as the lender.

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