Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago,

User Stats

1
Posts
0
Votes
Randy R
  • Homeowner
  • Orange, CA
0
Votes |
1
Posts

Foreclosure Auction Question

Randy R
  • Homeowner
  • Orange, CA
Posted

I was at a Foreclosure auction and a property I was interested in started at $100 had a incremental bid of $101 and then the high bid was $442,000. All this was pretty much between the auctioneer and another auctioneer that was there. I asked what happened and was told that the Beneficiary was interested in the property and the other person working the auction put in the high bid? Because the starting bid was at $100 that that meant the beneficiary was interested in it. It did not seem that anyone really had a chance at bidding. This was my first auction, so I was a little confused
as to what happened.
Thanks,
Randy

Loading replies...