If you’re planning on buying one for $1 over the minumum bid, I suggest you stay home, as I think you will be outbid.
Well, I think most of us are aware of the unmentioned “reserve price”, and that there will be those in the audience with the job of bidding the property up to at least that price.
That said, I wouldn’t offer the minimum bids for those condos. Not in that particular location, no way. Now if that building were in a different location, that might be a different story.