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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Auction Basics Posted by mary on March 02, 2002 at 8:59 AM I attended my first auction (as an observer) and left with a few questions: 1) I have read many times that if a lender does not bid at auction, you shouldn't either. How do you you know if the lender is present? 2) The bidders brought multiple checks - I assume one check for the opening bid + additional checks in incremental amounts. How much should the increments be? If you are the successful bidder and don't have the exact amount, will you be given change for the difference? 3) When the auctioneer announced the status of each property at the beginning of the auction (whether a sale was postponed & for what reason, etc.) he was barely audible and spoke extremely fast - is this typical? Is his list in a particular order so that everyone can follow along with their lists? Thanks in advance. Follow Ups: Foreclosure auction action Ward-CA- 2:19 PM, 03/02/02 (1) Re: Foreclosure auction action Dom 4:14 PM, 01/01/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I attended my first auction (as an observer) and left with a few questions: : 1) I have read many times that if a lender does not bid at auction, you shouldn't either. How do you you know if the lender is present? : 2) The bidders brought multiple checks - I assume one check for the opening bid + additional checks in incremental amounts. How much should the increments be? If you are the successful bidder and don't have the exact amount, will you be given change for the difference? : 3) When the auctioneer announced the status of each property at the beginning of the auction (whether a sale was postponed & for what reason, etc.) he was barely audible and spoke extremely fast - is this typical? Is his list in a particular order so that everyone can follow along with their lists? : Thanks in advance. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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