Updated about 10 years ago on . Most recent reply
Auction.com - same property multiple auctions
I have been looking on Auction.com for some foreclosures in my area and I actually found a decent property nearby. It's a 2/2.5 with 956 SF and while I haven't been able to get in I have walked around the property I did look in all the windows. The widows are newer and the roof is in good shape. The inside looks nice. It does concern me that I can't walk through the property but I've tried to factor that into my offer.
My question is that this house has gone up for auction on Auction.com 3 times now (a fourth is scheduled as we speak)!! In my research I've found that the house is owned by BOA and I don't think the reserve has been met but will they not budge? I have just stuck to my highest offer price but every time I get out bid at the last minute then the next day it's back on the site to be auctioned off AGAIN....frustrating.
Also, I have read through several posts about Auction.com but I would be open to any additional suggestions about trying to buy property from this site.
Thanks, Mike.