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upset price

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.01 sec.
Upset price
The minimum price at which a seller of property will accept a bid at an auction.

Reserve Price
At an auction, the price below which the owner of the item may refuse to sell. For example, if the reserve price is $1,000, and bidding does not rise above $900, the owner may withdraw the item from the auction. The reserve price is also called the upset price.

upset price

See reserve price.



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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.
Generally, at the foreclosure auctions, the starting price, also known as the upset price, is the amount of the mortgage.
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.
 
 
 
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