Posted by David Krulac on March 28, 2001 at 21:33:06:
I’ve been bidding on hud/va for over 20 years and unfortunately there are more bidders, its easier to bid, and they often do get overbid particularily the nicer houses in nicer areas. Twice I’ve seen properties get overbid by $30,000! The deals are fewer and further between. I bid 2 in the last week and didn’t get either because I bid reasonable but low.
One was overbid in the first week and the other was bid jsut slight under the minimum, which I felt was FMV or maybe slightly above. Its a circus!