What is a delinquent bidder?

Posted on June 19th, 2017

This is a case where a registered bidder is deemed the winner of an auction however they do not complete the transaction in accordance with the bidder requirements. Delinqu ...

What is the reserve price?

Posted on June 19th, 2017

A reserve price is the lowest price in which a seller is willing to sell a property. If bidding doesn't reach the reserve price, the seller isn't obligated to sell.

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