Online Auctions, which do you use?

[Vanessa Duguerre]

I’m looking to purchase with online auctions. Which ones do you all use?

[Matt Crusinberry]

@Vanessa Duguerre, I am a big fan of online auctions. In the past I've used auction.com, hubzu, and I always keep my eye on hudson and marshall. I don't find the reserve to be an issue, as some banks still want to clear these properties off of their books and will sell despite the reserve not being met. Also, keep in mind that it's not necessarily the bank bidding against you. It's the auction site that is told to bid should the reserve not be met (it's an automatic thing). This has never been a problem for us personally, and if we get out bid once, we know it's typically the auction site. We also walk in with our "no more than" number, and work from there. Good luck, and PM me if you would like further details.