Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Probate deal going wrong
I did a lot of research to find a property that was vacant and 4 years behind on taxes. I located it and hired an attorney to get it out of probate, we assigned an executor to the estate and I was thinking all was good. Until I found out we had to submit a bid, and another guy submitted one as well. So I raised my bid and beat him by $2k. Well apparently there is some law that allows someone to bid again after the auction ended if they bid 10% more? Can someone tell me if people can really bid again after an auction?