Another Pinellas foreclosure auction fools bidders, raises questions

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The credit bid, also called the plaintiff max bid, is usually the minimum amount that a lender will accept for a property at a foreclosure auction. Lenders set this amount because it’s the amount of debt that a borrower owes on a property.

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Another Pinellas foreclosure auction fools bidders, raises questions. A palm harbor company bid 2,300 for this Largo townhome at a foreclosure auction july 21 not realizing the auction.

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