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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (98956)1/4/2008 12:08:17 PM
From: Pogeu MahoneRead Replies (1) | Respond to of 306849
 
Absolute Auction
An auction in which the subject property is sold to the highest bidder regardless of the amount of the winning bid. There is no Reserve Price.
Example: Although Amos was disappointed by the amount bid for his house, he had no choice but to sell since the property was sold in an absolute auction.

There will be thousands of these auctions in the near future.


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