Also, keep in mind that if you have any judgements, repo's, or anything of that nature on your credit report a lot, if not all, conventional lender's will immediately disqualify you from the loan. 

3) Final judgement amount.

@Michael Plante, can security be used to pay a judgement?

The attorney just shows the taxes, liens, judgement's being paid on the HUD fax it to the title company and it has to close like that.  

When you do your ride around, you can get a better judgement of which areas you wouldn' t mind residing in, should the numbers pan out.

It is even more likely that it would wipe out a private judgement lien. 

You have very little leverage to collect the judgement.

There are 2 numbers - the upset amount and the judgement amount.  

I'm definitely withholding judgement until I get rent records, utility bills etc. 

hey Antonio,Never been to a sheriff sale in that part of jersey but I've purchased at several in northern and central jersey.I have seen first mortgages go as low as 70% the judgement.The bank has an insentive to sell with a starting bid below the judgement if there are additionally liens.