 Mortgagee’s Bid Worksheet 1. (a) Amounts Owed On Superior Liens (Including amount needed to correct any title problems) (i) Amounts owed on Superior Lien Being Foreclosed $____________________ (ii) Other Superior Lien $____________________ (iii) Other Superior Lien $____________________ (iv) Other Superior Lien $____________________ (v) Superior Taxes, Assessments or other claims being, or not being, foreclosed $____________________ (vi) Total Owed on superior Liens: $______________________ 2. (a) Amounts Owed on your Mortgage: 3. Total of No 1 (vi) and No 2 (vi) or “debt plus costs” $______________________ 4. “75 % of Value” $______________________ 5. Lesser of No. 3 and No. 4 $_______________________
Instructions for Mortgagee’s Bid Worksheet Instructions when the foreclosure sale is a foreclosure sale of your Mortgage or Deed of Trust. No.6 should be the same as No. 5 and put an “X” before “No additional bid shall be made” Instructions when the foreclosure sale is a foreclosure sale of a Superior Mortgage or Deed of Trust (not your Mortgage or Deed of Trust) No. 6 should be the same as 1(a) (i) plus $1.00 and put an “X”
before “In addition, bid in $500.00 increments, until there
are no other competitive bids, but not in excess of $______________
(No. 5). |
| Kleinsmith Korner Archive Bid at a Foreclosure Sale Servicemember's Civil Relief Act Illegal Late Charges Sufficient Notice Case of the Disappearing Collateral |
