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Updated over 10 years ago on . Most recent reply

quick auction.com question
I registrered to bid but now have changed my mind and no longer want to bid on the house.
If i do not bid,will i still get my $2,500 back which they hold on my credit card?
Most Popular Reply

Brian Burke
#1 Multi-Family and Apartment Investing Contributor
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- Santa Rosa, CA
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Yes, you will. They don't charge your card unless you win the bid and default by not completing the purchase.
They just put a hold on the card until the auction ends. If you aren't the winning bidder (or don't bid at all) the hold goes away.