I think you are right, because in the MLS there was an income requirement for these prices.
I’m interested in the auction because this is the first builder auction to the public and in the adds there is no mention of not accepting bids that do not meet their requirements. In previous auctions in San Diego, units/houses were sold by individual banks, there was also a minimun amount these banks would accept. There was a video in a thread earlier about condos in Florida that sold for 50% below what others had paid. This auction may end up like the one in Florida, but I would suspect that the builder will not accept anything near starting bid. I have pre-registered and have plans on bidding on a 2bed 2bath but do not anticipate having a winning bid.
