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Updated over 16 years ago on . Most recent reply

Jared B.'s profile image
Jared B.'s profile image
Jared B.
  • General Contractor
  • from Torrance, CA
  • Member since Feb 24, 2008
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74
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Jared B.'s profile image
Jared B.'s profile image
Jared B.
  • General Contractor
  • from Torrance, CA
  • Member since Feb 24, 2008
Connect
Jared B.
  • General Contractor
  • Torrance, CA
2
Votes |
74
Posts
General Real Estate Investing

overbidding?

Jared B.
  • General Contractor
  • Torrance, CA
Posted

Does anyone in here know about overbidding at county auctions? My agent says that I don't need to go to the auction, and put up the 10% deposit on this property. I can just wait until the court date and put in an overbid (which works out great for me). This sounds like it shouldn't make sense, because why go to the auction and tie up your cash at all? Anyone familiar with this?

Please help.

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