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Foreclosures
HomeForumsForeclosuresAuction.com Reserve Prices
Stephen Schoon's profile image
Stephen Schoon's profile image
Stephen Schoon
  • from Concord, NC
  • Member since Jan 12, 2016
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Stephen Schoon's profile image
Stephen Schoon's profile image
Stephen Schoon
  • from Concord, NC
  • Member since Jan 12, 2016
Connect
Stephen Schoon
  • Concord, NC
20
Votes |
62
Posts
Foreclosures

Auction.com Reserve Prices

Stephen Schoon
  • Concord, NC
Posted Oct 1 2017, 12:40

Good day all,

I'm looking at auction.com and see an auction that has a reserve of 123k, but the starting bid is 35k.  While I understand the bank may sell to the highest bidder even though it might not reach the reserve, I'm wondering how many of you all have closed on auction.com auctions below the reserve?

I'm also very curious as to why the opening bid is so low compared to the reserve.  Does anyone have any insight on this?

Thanks!

Steve

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