The opening bid at a foreclosure auction is based on the total amount owed to the foreclosing lender, interest incurred, late charges, penalties any liens placed on the property by other institutions, and may include fees incurred because of the foreclosure proceedings. If no one at the auction places a bed above the opening bid amount the foreclosing lender gains possession of the property. See similar questions...

When an auction closes, all duplicate and unique bids are identified. Duplicate bids are disqualified and unique bids are ranked by value. The highest unique bid less than or equal to the maximum bid amount wins. Back to Top See similar questions...

Generally the foreclosure auction comes at the end of the foreclosure process when the homeowner can no longer repair their financial problems with the lender. As with any auction the person with the highest bid gets the foreclosed property. Remember if you are going to be buying a home at a foreclosure property auction you will be bidding against other investors and potential homebuyers. See similar questions...

Public bid openings are held for those bids with an estimated dollar value of $25,000.00 or more. These are "Formal" bids, and the date and time as well as the location of the bid opening is indicated on the Solicitation of Offers Page (title page) of the bid document. Public bid openings are generally not held for "Informal" bids which have an estimated dollar value of less than $25,000. See similar questions...

Familiarize yourself with the auction process" Go to the courthouse to observe the auction process before bidding on a foreclosed property. Will I be able to inspect the property before the auction? In most cases you will not be able to inspect the property before the auction. Make sure you research the property that you intend to buy. See similar questions...

Bid opening dates and times are firm. There is no "leeway," provided. Bids must be present and time-stamped at the Purchasing Division on or prior to the bid opening date and time indicated in the bid documents. See similar questions...

provide complete information about each vehicle available in auction. After getting your confirm order our executive will bid See similar questions...

Almost all Auctions have some type of registration. You will have to show some form of identification. When you are registered you will be given a bidding number. This Number must be shown to the auctioneer when you make a bid. The auctioneer will accept bids only from registered bidders. See similar questions...

Sign up at the registration table and you will receive a bidder number. We then encourage you to look over all the items closely. Remember, all auction items are sold as is, where is, so it is your responsibility to look over the items carefully. When the auction begins and you are ready to bid, just simply hold that number up high, so that the auctioneer and staff will be able to see your bid. Our action staff will be happy to assist you and answer any questions that you might have. See similar questions...

Fo Sheezy. We love when you play more than one auction - it makes the game more exciting for everyone. Simply select the auction you want to bid on and get started. To play on your mobile anytime, anywhere just text us the auction name followed by your bid in cents (for example text "HDTV 123" to 23687 to bid $1.23 on an HDTV). [ Close ] See similar questions...

Under no circumstances will late bids be accepted, regardless of the reason. All bids must be received by the bid opening date and time shown on the bid document. If a bid is delayed by actions of the agency, and this delay prejudices a vendor, then the agency must cancel the solicitation and rebid. See similar questions...