Bidding process
I am about to enter into an auction for a property that was originally listed on the MLS. Before I secured my financing (which took about 7 days), the bank placed the property in auction. I am alittle upset that I have to go this route but I am emotionally invested at this point so I am going for it. This will be my 2nd online auction. I lost the first one because I refused to pay a dime over my limit. I am somewhat skeptical because I too, feel that there is a ghost bidder. My question.....Is the bank looking for what it was originally listed for on the MLS or more? I was willing to offer full price.