Foreclosure

Can I Get Around the Upset Bid Process?

That Upset Bid Process is Such a Hassle . . . How Can I Get Around It?

I had an interesting question about my last blog regarding the upset bid process, which requires a 10-day period following each new bid during which the bid can be raised.  A reader asked if there was a way to get around it.  In other words, can you ever be guaranteed to be the successful purchaser on the day of the foreclosure sale?  In North Carolina, unlike many other jurisdictions, the answer is No.  At least, not legally.