Pre-Auction Bid - Auction.com

[Mike Hibbs]

Does anyone have experience with a 'Pre-Auction bid' on Auction.com? Recently I place a 'pre-auction bid' on a home that has an opening bid of $40k, and Auction opens May 18th. I bid once and received an immediate message my bid was too low. (I bid much higher than $40k). I increased my bid and was told to send my POF...etc. And now I'm waiting in the dark, after I send POF. Any experience? Thanks in advance.