Minimum Auction Price (MA, NH)
I'm trying to find the case law in MA and NH that establishes the following condition at an auction:
At an foreclosure auction in MA and NH the bank must set a minimum offer of at least 70-75% of fair market price of the property as determined by tax assessment or certified appraisal, etc.
I understand from two different sources that during last recession of the 1990's that several cases went to court
in NH a case of Murphy vs ???Lender???; and
in MA a case of Rubick vs ???Lender???
A MA auctioneer told me that I'd find the information on The Warren Group website, but it looks like I have to pay to join. A NH real estate investor said that the last NH case he was familiar with was in Derry or Londonderry, NH in 1997.
Where can I find this and related info? 
[ Edited by JEFFTUSTIN on Date 01/22/2004 ]
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