Judgement & Upset Amounts at auctions - how real?

[James W.]

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.