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Foreclosures

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James W.
  • Jersey City, NJ
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170
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Judgement & Upset Amounts at auctions - how real?

James W.
  • Jersey City, NJ
Posted May 23 2016, 20:37

Hi gys,

I noticed sheriff auctions notice in NJ publishes a Judgement Amount in Hudson County, and Upset Amount in Bergen County.

First off - am i right that these are the numbers close to the lender's outstanding debt plus costs? And so the bank wont give away the house below that number?

And second - how close are these numbers to the actual auction day numbers? 

Any experiences?

Thanks.