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Foreclosures
HomeForumsForeclosuresAuction for small liens?
James W.'s profile image
James W.'s profile image
James W.
  • from Jersey City, New Jersey
  • Member since May 17, 2016
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James W.'s profile image
James W.'s profile image
James W.
  • from Jersey City, New Jersey
  • Member since May 17, 2016
Connect
James W.
  • Jersey City, NJ
11
Votes |
170
Posts
Foreclosures

Auction for small liens?

James W.
  • Jersey City, NJ
Posted May 25 2016, 16:38

Hi guys,

I am seeing 400K houses scheduled for Auction for 10K Judgement Amount. Plaintiffs are Condo Associations etc.

Whats the outcome of winning this bid? Assuming there's no second mortgage, no big liens, etc, and I am the winning bidder - do I really get this house for 15K? 

I know I dont - but how does it play from here - after I win this bid?

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