
G S 45 21 27 Page 145 21 27 Upset Bid on Real Property Form


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People also ask
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What is the timeline for foreclosure in NC?
In North Carolina, the foreclosure process typically takes around 120 days from the date the first payment is missed to when the property is sold at a foreclosure sale. The timeline may vary depending on several factors, including: The lender's policies and procedures.
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What does upset mean in foreclosure?
Upset price is the minimum price for which a property or goods can be sold in an auction or public sale. In other words, the upset price is the minimum price of a property (set by a court in a judicial foreclosure) and a property cannot be auctioned below the minimum price by an officer appointed by the court.
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How does upset bid work in NC?
1:57 3:06 You can march yourself straight into the clerk of court office you have to go in person. And you canMoreYou can march yourself straight into the clerk of court office you have to go in person. And you can place a bid that is. 5 over the initial bid. Or a minimum of seven hundred and fifty dollars
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What is the bidding period?
Bidding Period means the span of time between the date of the invitation to bid and the time and date set for receipt of bids.
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What is the upset bid period in NC?
An upset bid period is a time period that exists after a foreclosure sale. In North Carolina, after the sale of a property in a foreclosure there are ten (10) days for another party to offer a higher bid on the property or for the owner of the property to file a bankruptcy to stop the foreclosure.
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What is false bidding?
False bid means a non-existent bid acknowledged by an auctioneer in an attempt to escalate bidding.
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