Pompano Beach, FL asked in Foreclosure for Florida

Q: What is an Assignment of bid if the sale has not started yet (not until 5/22/12)

Bank lawyer send me a copy of an Assignment of Bid but according to Court Docket the sale date is not until 5/22/13, what does it mean?

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1 Lawyer Answer
Natalie F. Guerra-Valdes
Natalie F. Guerra-Valdes
  • Foreclosure Defense Lawyer
  • Fort Lauderdale, FL
  • Licensed in Florida

A: An Assignment of Bid just means that the Plaintiff is assigning its bid to another entity, usually the investor of the mortgage. This has to be done prior to the foreclosure sale so that the assignee of the bid can put in the bid on time.

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