Hubzu Auction unfair?
Hi, so basically last week I was the highest bidder on an auction. Turns out reserve hasn’t been met therefore I wasn’t able to get the house. It’s been posted again for auction and now it’s for the price i won it for. (Ex. $100,000 + fees $10,000) now it’s starting off at $110,000 excluding fees. I understand that the reserve haven’t been met but I’m assuming because of Covid it’d make sense to get rid at a decent price. I read on BP that some people had to go through this 3 times and the price kept going up. Just wondering if anyone else had to go through this? And what was your experience like? I don’t want to bid on it again knowing I’m the only one bidding on this. It’s been 3 weeks now and it seems the bid hasn’t been changed. The price has remained the same.