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el producto del remate

English translation: auction proceeds

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	el producto del remate
English translation:	auction proceeds
Entered by:	Paul Begovich

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06:31 May 24, 2011

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Informe de deudas

Spanish term or phrase: el producto del remate

cuando la institución financiera haya rematado los bienes que se hubieran constituido en prenda o hipoteca para garantizar el pago de los créditos que adeuden, y no se haya trabado embargo sobre otros bienes de su propiedad o de los codeudores o fiadores que puedan existir, aun cuando "el producto del remate" no haya alcanzado a cubrir el pago de la deuda.

My attempt: "the settlement proceeds"

Paul Begovich KudoZ activity Questions: 43 (none open) (1 closed without grading) Answers: 0 Australia
Local time: 17:47

auction proceeds

Explanation:
"Remate" es "auction".

Foreclosure - Wikipedia, the free encyclopedia
- [ Traducir esta página ]
... typically a county sheriff or designee) auctions a foreclosed property the ... from foreclosure auction proceeds or from PMI or a combination thereof. ...
en.wikipedia.org/wiki/Foreclosure - En caché - Similares

¡Saludos!