A lender who successfully bids on property at a foreclosure sale is considered to have received repayment of the loan in the amount of the bid.

Name: A lender who successfully bids on property at a foreclosure sale is considered to have received repayment of the loan in the amount of the bid.
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When a lender bids on a property at a foreclosure sale and wins, the bid amount is considered as repayment of the loan, reducing the outstanding debt by that amount.

A Lender Who Successfully Bids on Property at a Foreclosure