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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] common practice Posted by hard money lender on January 09, 2010 at 6:31 PM In Reply to: still don't get it posted by Kristine-CA on January 02, 2010 at 11:01 AM pros no doubt have deeper pockets. they can afford to overbid as a group, to try and eliminate competition. if you look at history, this is how the big 3 became the big 3. whenever one of the independent models was too much better, they simply underpriced their cars, until the little guys went belly up. if you take a small foreclosure clique, each could take turns bidding up. the little guy is much more apt to stop bidding first, cuz he doesnt know as much, etc. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : pros no doubt have deeper pockets. they can afford to overbid as a group, to try and eliminate competition. : if you look at history, this is how the big 3 became the big 3. : whenever one of the independent models was too much better, they simply underpriced their cars, until the little guys went belly up. : if you take a small foreclosure clique, each could take turns bidding up. : the little guy is much more apt to stop bidding first, cuz he doesnt know as much, etc. [ 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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