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Updated over 9 years ago on . Most recent reply

User Stats

807
Posts
474
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Nat C.
  • Investor
  • Miami, FL
474
Votes |
807
Posts

What the hell happen to my bid?

Nat C.
  • Investor
  • Miami, FL
Posted

This is in relation to the online foreclosure auctions. I had been waiting for a particular auction for a month for a house I wanted very badly!

I initially put in a proxy bid of 150K and the next day I went in to up my bid to 180K. When I tried to increase my bid, it gave me the error message that my bid was not high enough to win the auction. I then saw the plaintiff had entered their maximum bid, which was for the full judgement order of 310K. That was more than I was willing to pay so I sadly resigned to the fact I wouldn't be buying the house.

After the auction, it showed the plaintiff was the winning bidder with a bid of $150,100.

I am mortally confused as I was more than willing to spend that amount. I am hoping someone can explain it to me......Brian Burke maybe? 

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