Foreclosure Auctions Opening Bid

[Sush Girish]

Hello, I am newbie in foreclosure auction space any help here is appreciated. I was doing some duedelligence and following a property on auction.com, recently opening bid is changed.

Initially Opening bid was set closer to what is owed by the owner of the property to the lender, What is owed by the owner could be verified by other foreclosure property websites. Foreclosure agent changed the opening bid really high closer to fair market value. What could be rational behind increasing the opening bid. What if no one bids and property goes to the lender? Is there a concept of excess proceedings when lender opens the bid higher than what is owed and the property goes back to the lender.