It appears that at the end, some of the auctions ended up being sold to the second highest bidder. It appears that when some of the auctions ended, the highest bidder’s failed ID checks, and so there they ended up in the second highest bidder.

Interesting. Hey, we all know that many buyers during the bubble fraudulently misstated their income. It wouldn’t surprise me if there was fraud in these auctions as well.

This is one of the reasons I wouldn’t consider buying a house today even if I wanted to: Too much fraud still in the system.