All Forum Posts by: Earl Pippin

This has happened at least six times in one auction that all were on Superior liens. It all starts with plaintiff bidding $100, and then no one bids against him. I have tried talking to the people who hold the sale and they tell me they can't give me legal advice, and then refer me to a lawyer. I guess the question I'm asking is, is it ok to bid against the bank representative, plaintiff, lien holder?

While attending some auctions in my state of Florida, I have noticed that the bank representative starts the bidding off at $100.00, and nobody bids against him. Does this mean that there is more owed on the mortgage than the house is worth, and does this mean that the bank representative will go as high as what is owed on the mortgage? Is that the reason others don't bid against him? Thanks in advance for clearing this up for me.