Foreclosure on county website
Hello everyone, I’m currently trying to understand the foreclosure side of the business and I’m hoping somebody with experience can help.
On the Notice Of Trustee Sale there is an auction date of 3/5/19.
• Followed by Terms of Sale,
• Instrument to be Foreclosed,
• Appointment of Substitute Trustee,
• Obligation Secured, it says Deed of Trust or Contract Lien executed by (name), securing the payment of the indebtedness in the original principal amount of $XXX.XX, and obligations therein described including but not limited to the promissory note
My questions is if the amount listed under the obligation secured is the minimum dollar amount to offer a seller in order to prevent the property to foreclose? In my county, the properties are placed on the website 21 days prior going into auction. In my case, I would be assigning this contract. Any advise on this?