Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What if there are no competing bids?

bids Competing
0
Posted

What if there are no competing bids?

0

If there are no competing bids at the sale, the property is sold to the foreclosing lender for the opening bid, whatever it may be. The property then reverts to the lender so that it may sell the property to recover its money.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123