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Updated 8 months ago on . Most recent reply

Carl Eastman's profile image
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Carl Eastman
  • from Texas
  • Member since Sep 12, 2024
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Question about Auctions

Carl Eastman
  • Texas
Posted

Regarding auctions, if you don't win the bid do you get all your money back?

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Benjamin Aaker
  • Rental Property Investor
  • from Brandon, SD
  • Member since Sep 6, 2015
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Benjamin Aaker
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Benjamin Aaker
  • Rental Property Investor
  • Brandon, SD
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First, read the agreement you sign to register for the auction. It will have these details. Generally you will not need to make any payment if you do not win. Occasionally, if the winner fails to pay and you were the second-highest bidder, you will be expected to make the purchase. 

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