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Updated almost 15 years ago on . Most recent reply

Lynn Z's profile image
Lynn Z's profile image
Lynn Z
  • Member since Jan 7, 2008
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689
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Lynn Z's profile image
Lynn Z's profile image
Lynn Z
  • Member since Jan 7, 2008
Connect
Lynn Z
23
Votes |
689
Posts
Foreclosures

Tax Sale Question on Bidding

Lynn Z
Posted

Just attended first tax sale in my state. When the county states a minimum bid is say $4000 why does any bidder bid $45,000, or in another instance, $130,000? There are no other bidders and they can't possibly get more interest than 3/6/12 per cent of that opening county bid. What are they trying to do?

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