SD you have to admit that the overwhelming majority of these are just a ritual and not a true auction. Urbanrealtor is right, if the property was worth more than the loan, it would have sold before this stage and the pros can certainly negotiate with the bank before this stage. I have been to them in the past but not on purpose, just happen to be at the courthouse when a uniformed deputy came out to the actual steps downtown and read a script of sorts out loud, a few were gathered around, nobody bid, he walked back in. He didn’t even appear as if he was looking for bids like an auctioneer would as if he would be shocked if someone bid. I kinda laughed, I didn’t think they actually did it like that, it had a real “town crier” Ancient Rome feel to it. But a lot of court things have rituals that don’t change much, except for powdered wigs, it’s pretty much the same as it was a hundred years ago.
