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Updated over 11 years ago on . Most recent reply

Michael K.'s profile image
Michael K.'s profile image
Michael K.
  • Property Manager
  • from New York, NY
  • Member since May 9, 2010
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27
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4
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Michael K.'s profile image
Michael K.'s profile image
Michael K.
  • Property Manager
  • from New York, NY
  • Member since May 9, 2010
Connect
Michael K.
  • Property Manager
  • New York, NY
4
Votes |
27
Posts
Foreclosures

Foreclosure Auction - Upset/Reserve Price

Michael K.
  • Property Manager
  • New York, NY
Posted

Just curious if you have you ever seen a property sell at auction for below the upset/reserve price?
Either by realizing at the auction that the upset price is getting no bids at that level, so they adjust it, or by an after-auction deal with the Lender?

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