bid for a sum less than the amount due is made by a mortgagee who seeks no deficiency judgment, the law deems the bid to be the equivalent of the mortgage balance plus the sale expenses. A mortgagee, which bids in the property for less than the amount due, is not required to indulge the useless act of paying itself the amount of its bid. The rule has a sound rationale, for in the absence of a deficiency judgment proceeding (see RPAPL § 1371), the consequence of the bid is to give full credit to the mortgagor for the amount of the mortgage balance plus the expenses of the sale. Polish Nat’l Alliance v. White Eagle Hall Co., 98 A.D.2d 400, 407, 470 N.Y.S.2d 642 (N.Y.App.Div.1983). See also Serial Federal Sav. & Loan Asso. v. Crescimanno, 35 A.D.2d 561, 313 N.Y.S.2d 326 (N.Y.App.Div.1970) (<HOLDING>). At the Foreclosure Sale, BAC bid $1,000, but
holding that a party is not entitled to pursue a separate action for deficiency judgment where the foreclosure complaint includes a prayer for a deficiency judgment and the foreclosure court reserves jurisdiction to enter a deficiency judgment holding that the redemption price was based on the amount bid at foreclosure  and not  what the subsequent purchaser paid  for the property holding at the judgmentcreditors winning bid of 1000 at the foreclosure sale was not unconscionable where the creditor waived any deficiency judgment holding that after a judgment entry grants a decree of foreclosure and order of sale the foreclosure action cannot be dismissed as the judgment is final holding that the debtors right to cure ended when the sheriff accepted the bid at the foreclosure auction even though the order confirming the sale had not been entered at the time of the bankruptcy filing