Auction.com starting bids lower than owed?

3 Replies

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?

Thank you.

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.

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