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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] auction Posted by yjdon on April 04, 2002 at 9:06 AM Today I went to an auction for the first time. One thing I still don't understand is that they started from $500 and somebody ended up with even lower amount than the upset price. I thought first time this amount they offered was being added up to the upset price, but didn't seem so...somebody said "It's first time it ends up with lower amount than the upset price" What is the upset price exactly mean? If they ended up with $500 with the upset price &300.000, is it mean that they buy this property with $500? Any comment will be appreciated. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Today I went to an auction for the first time. One thing I still don't understand is that they started from $500 and somebody ended up with even lower amount than the upset price. I thought first time this amount they offered was being added up to the upset price, but didn't seem so...somebody said "It's first time it ends up with lower amount than the upset price" : What is the upset price exactly mean? If they ended up with $500 with the upset price &300.000, is it mean that they buy this property with $500? : Any comment will be appreciated. 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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