I noticed that most Auction.com listings have a starting bid that is less than what is owed.
Is this just a sales tactic, or in a single-bidder scenario (unrealistic) would the property actually be let go for such a low price?
im assuming your speaking of the Sheriff/Trustee sale properties? if so the opening bids are either estimated, or given by the banks legal counsel. and yes they may be lower than what is owed, I have purchased for $1 over opening bid at the court house, not sure how the process works through Auction.com, but Im buying one that is REO through them right now.
Scott did you acquire your REO at the opening bid? Or was there a bidding war?
you will not get a property for auction.com(and the other websites too in my experience) at there opening bid price unless its a very specific number like 65,302.33.