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Updated over 4 years ago,

User Stats

4
Posts
2
Votes
Travis Conrad
  • New to Real Estate
  • Oklahoma
2
Votes |
4
Posts

Probate deal going wrong

Travis Conrad
  • New to Real Estate
  • Oklahoma
Posted

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?

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