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winning bid on REO..
Submitted by dran928 on Fri, 05/30/2008 - 10:19pm.
I did a search on foreclosureradar.com and only show bank owned homes. What does it mean when it shows winning bid? Does that mean someone purchased it?
‹ In following the foreclosure process on a home that I protect buyer, in owner financed from foreclosure ›
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Comments:

Submitted by Lance on Sat, 05/31/2008 - 1:04am.
Hello dran928, The

Hello dran928,

The winning bid is the amount at which the property sold at auction. If it was sold back to the bank, it will be the same as the opening Bid.

Regards,

Lance

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