1:53 AM
Aniket Kumar
The reserve is a minimum price that the property will go. Rarely tell you what that number before the auction starts, but once the bid is won, it will tell you if the reserve has been met or not. Sometimes there is no reserve. In fact, in many foreclosure auctions without reserve because banks are trying to get rid of their participation in the capital. Sometimes, if you are the winner, who will be able to negotiate with the seller to buy the house anyway.
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