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Updated over 10 years ago on . Most recent reply

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Marci Stein
  • Rental Property Investor
  • New York, NY
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quick auction.com question

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

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?  

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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
Replied

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.

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