I went, the whole thing seemed fishy to me. I left at #90. By that time, there had already been 33 properties re-bid. So they would have you believe that 1/3 of the winning bidders either didn’t understand the rules, didn’t bring a personal check, got cold feet or whatever. Maybe if they bid one to far on behalf of the bank, no problem, they can just re-bid it. I will not be putting time in on the next one. Most of the properties got bid up to, or above, what I thought they were worth (or will be in 3-5 months) fixed up. One or two were at about a 15-20% discount, not enough to fix and flip in this market…
