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who sets the opening bids, lender or trustee?
Submitted by khan.zaman on Tue, 07/15/2008 - 8:39pm.
who comes up with the opening bids at the trustee auctions? is it the banks? or the trustee?
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Comments:

Submitted by Sean on Fri, 07/18/2008 - 10:57pm.
It is the lenders decision.

It is the lenders decision. The trustee is only an intermediary, though they may offer advice to the lender on where to set the bid.

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