Rental Property Investor · Austin, TX · Member since 2015 · 280 posts · 176 votes
Listening to a relatively recent BP Podcast I recall hearing the interviewee talk about buying properties online via auction but that you have to be careful because some of them (Auction.com he called out specifically) will bid against you in house. So my question is, which sites will not bid against you? Seems to be unfair to me.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
7y
None, that are selling reo’s. They bid on behalf of the bank, just like at the banks bid at the actual foreclosure auctions. They all have an undisclosed reserve price. It’s how the system works.