How much will a bank probably take for a home going to auction soon?

house is going to auction in a week, 102K left on the repoed home note that bank now holds, home in forecloser is in poor condition…needing probably 40k in repairs such as roof, new heating, cooling, new paining, gutting bathrooms, has no appliances, and needs updating, house has been vacant for a year…if house was in good condition probably worth 130-140k…how much might the bank take to buy this before it goes to auction…any thoughts

At this point my guess is that they would take an offer for the loan balance. There’s no point in them reducing the price further until it has been through the auction process.

GREAT AMERICAN GROUP Headquarters of Blue Note Caribou Mine Webcast Auction

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