Posts Tagged ‘fair market value’

Lender Who Fails to Attend Foreclosure Sale Cannot Object to Low Price

Friday, February 12th, 2010

A Wyoming case stresses the importance of a lender attending a sheriff’s sale.  In the McNeill Family Trust v. Centura Bank, 60 P.3d 1277 (Wyo. 2003), the lender filed mortgage foreclosure proceedings to recover a debt of over $87,000 secured by property with an original fair market value of $119,500. (more…)