Morris County Sheriff Sale / Auctions

[Curtis Eckhardt]

So I'm planning on attending tomorrow's Morris county auction in Morristown. I'm going for more of a learning experience to see how they proceed. Anyone familiar with auctions? Any tips or things I should be paying attention to? The basics are covered on the state website: 

https://sheriff.morriscountynj.gov/civil/about_sal...

What I'm more interested in are the unwritten rules or the how's and why's people are bidding. Are there usually representatives from the bank bidding up the price to get something better than what the reserve is set at? What information is important to be armed with before entering the room?