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auctions, and the amount of margin
between property value and break-
even amount for bank-owned
This home is currently scheduled for auction. Auction is the second stage of the foreclosure process. It begins when the trustee or lender files a notice of sale announcing a date and location of the public foreclosure auction. If the property does not sell to a 3rd party at the public auction, ownership of the home will be transferred to the lender.
The tentative public auction date recorded on the foreclosure notice. The public auction cannot occur before this date, but the auction can be canceled or postponed to a later date without a new notice being recorded. RealtyTrac tracks postponements and cancellations, but you can also call the trustee to verify the date.
Amount set for a starting bid on the purchase of the property at the trustee's sale (auction). Usually based on the remaining loan balance still owed to the lender. In some states the trustee is allowed to include fees and costs associated with preparing for auction in the opening bid.
The total of all the original loan amounts for all open loans known to exist on the property. If only one open loan exists, the total loan amount would be the original loan amount for that one loan.
The total value of open loans as a percentage of the estimated market value; or estimated total loan amount divided by estimated value. If LTV is above 100 percent, it indicates the estimated total loan amount exceeds the estimated value.
Get information on this property from a local real estate agent.
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