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Started By
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Sheriff's Sale
Posted on 6/21/09 at 8:17 am
Posted on 6/21/09 at 8:17 am
I used to attend SS regularly but have been a while since I went. I am trying to remember the starting bid process. Is it 60 or 66% of the writ amount??
3
Posted on 6/21/09 at 10:27 am to T Ba Doe Tiger
I have only been to a couple so I am no expert, but I think the bidding starts at 80% and goes down until people start bidding, then go up from there. I have seen homes sell for more than the writ amount but I would have to say most sell for below the writ amount.
Posted on 6/21/09 at 1:05 pm to T Ba Doe Tiger
two thirds writ value
Posted on 6/22/09 at 9:17 pm to T Ba Doe Tiger
What rmc said.
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