Judgement & Upset Amounts at auctions - how real?
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.