Yes, you can go to court and increase your bid if needed but the final outcome will be up to the Judge and the seller’s lawyer. I represented a client on a foreclosed property recently and our offer was the highest. The Bank’s lawyer decided to disclose our offer to everyone else and rescheduled another court date to deal with resubmitted offers.
I have a couple question on a foreclosed home in Fort McMurray Alberta which will be a judicial foreclosure held in a court room in Edmonton.
1. We have an offer on the property but can we show up at court and offer a higher bid if it is above ours?
Thanks a bunch,
Linda
Yes, you can go to court and increase your bid if needed but the final outcome will be up to the Judge and the seller’s lawyer. I represented a client on a foreclosed property recently and our offer was the highest. The Bank’s lawyer decided to disclose our offer to everyone else and rescheduled another court date to deal with resubmitted offers.