Upset Price

Also found in: Dictionary/thesaurus, Financial, Encyclopedia

0.01 sec.

The dollar amount below which property, either real or personal, that is scheduled for sale at an auction is not to be sold.

An upset price is intended as a minimum price. In a decree for a Judicial Sale, it constitutes a direction to the officer conducting the sale not to accept any bid that falls below the fixed price. In a final decree in a foreclosure sale, an upset price should be sufficient to cover costs and allowances made by the court, the certificates and interest of the receiver, and any liens in existence.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Legal browser	?		Full browser	?
No references found			The rate of interest borne by the judgment is vital to know, not only because it must be understood to calculate what is due for payoff or for upset price at the sale, but because delay is possible until a foreclosure sale is conducted. Collecting all the interest due on the mortgage by Bergman, Bruce J. / Mortgage Banking Generally, at the foreclosure auctions, the starting price, also known as the upset price, is the amount of the mortgage. For banks, foreclosed homes pile up by Ulam, Alex / The Real Deal No upset price has been fixed for Poolewe Church and the sellers are prepared to consider offers, subject to planning permission for change of use. Tune into the home service; Fancy setting up home in a B-listed ... by Daily Record (Glasgow, Scotland)			upper circles upper class upper classes upper extremity upper hand upper limit upperhand uppermost uppish uppity upraise upright upright distance upright moral character uprighteousness uprightly uprightness uprightness of character uprisen uprising uproar uproarious uproot ups and downs upset Upset Price upshot upstanding upstandingness upsurge upswing uptrend upturn in prices upward curve upward trend uranic urban urban district urban place urbana urbane urbanitas urbanity urbanization urbs urge urge against urge as a reason urge forward urge in court urge not to			UPSB UPSBI UPSC UPSCA upscale upscale upscale upscale upscaled upscaled upscaled upscales upscales upscales upscaling upscaling upscaling UPSD UPSDM UPSE UPSEAT UPSEB Upseek Upsend upset upset upset upset upset upset plans Upset Price upset prices upset prices upset prices upset prices upset stomach upset stomach upset stomach upset the apple cart upset the applecart Upset the Rhythm Upset welding Upset welding upsets upsets upsets upsets upsets the apple cart upsets the apple cart upsets the apple cart upsetted moraine upsetter upsetter upsetter upsetter Upsetter Records upsetters upsetters upsetters upsetting upsetting

Legal Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.