Auction.com houses to HUD houses....What's up?
I've seen this happen 3 different times now. A house from auction.com is listed, dissappears, and ~45 days later ends up on hudhomestore.com. The first two houses went through several auction cycles, reserve was never met, and eventually became a HUD house.
There was another property, I was emailed from auction.com about how the bank was really motivated on the property, and I watched the auction. First week reserve wasn't met. Second week reserve was way lower, and in the last minutes was met. I was the final high bidder till the last 30 seconds, got outbid by $1000, didn't want to go any higher, and that was that.
The house is now on hudhomestores.com. I know auction.com will bid against you, but will they do so after the reserve is met? Or did someone win the bid, not close, and whatever reason the property is now on hudhomestore.com?
Does anyone else observe this transition from auction.com to hudhomestore.com?